Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar in P. Chettipalayam village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 500 per sq.ft, which increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the register does not provide any figures for Amman Nagar. The most recent change reflects the growing valuation in the area, aligning it above the median guideline value for P. Chettipalayam.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this village is Rs 470 per sq.ft, positioning Amman Nagar's 2024 figure above this median.

• Ammasai Gounder Street: Rs 220 per sq.ft (2024)
• Andi Gounder Street: Rs 220 per sq.ft (2024)
• Annai Velankanni Colony: Rs 780 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 780 per sq.ft (2024)
• Adhi Dravida Street-Pachapalayam: Rs 220 per sq.ft (2024)
• Adhi Dravidar Street-Arumugagoundanur: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value totals Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total fee of Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office covering Amman Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor in property transactions in P. Chettipalayam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating property prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amman Nagar was Rs 500 per sq.ft in 2023 and increased to Rs 550 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Amman Nagar?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Amman Nagar located?

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