Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Kumarapalayam village under the Coimbatore South Joint 1 SRO, is Rs 1,002 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft. The most recent revision in 2024 shows a slight increase to Rs 1,002 per sq.ft, which is a change of +0% from the previous year.

This indicates that the guideline value has remained relatively stable between the revisions of 2023 and 2024. The current figure of Rs 1,002 per sq.ft is above the median guideline value of Rs 1,001 per sq.ft for the 290 streets in Kumarapalayam under the Coimbatore South Joint 1 SRO.

Guideline values in Kumarapalayam

Kumarapalayam has a range of guideline values, with figures for various streets varying from Rs 1,000 to Rs 2,750 per sq.ft. The guideline value for Amman Nagar is above the median of Rs 1,001 per sq.ft. Below are the guideline values for other streets in Kumarapalayam:

• Amman Nagar Layout: Rs 1,002 per sq.ft (2024)
• Ammulu Nagar Cross Street No.1: Rs 1,001 per sq.ft (2024)
• Ammulu Nagar Cross Street No.2: Rs 1,001 per sq.ft (2024)
• Ammulu Nagar Cross Street No.3: Rs 1,001 per sq.ft (2024)
• Ammulu Nagar Cross Street No.4: Rs 1,001 per sq.ft (2024)
• Ammulu Nagar Cross Street No.5: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kumarapalayam

The guideline value is a crucial factor in property transactions in Kumarapalayam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed and recorded in the official register.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amman Nagar has remained stable, with the 2023 revision at Rs 1,000 per sq.ft and the 2024 revision at Rs 1,002 per sq.ft, showing no percentage change.

What are the other streets in Kumarapalayam with their guideline values?

Other streets in Kumarapalayam include Amman Nagar Layout at Rs 1,002 per sq.ft and several Ammulu Nagar Cross Streets at Rs 1,001 per sq.ft each.

What fees are associated with buying property in Amman Nagar?

When buying property in Amman Nagar, the total fees include stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Amman Nagar?

The Sub Registrar Office for Amman Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.