Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Kolapalore village under the Gobichettipalayam Joint I SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value for Amman Nagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 66 per sq.ft. This value increased to Rs 175 per sq.ft in 2012, marking a significant rise of 165%. However, between 2012 and 2017, the value decreased to Rs 117 per sq.ft, reflecting a drop of 33%. The value then increased again to Rs 200 per sq.ft in 2023, which remained unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 71%, bringing the value to Rs 200 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 203%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolapalore

In Kolapalore, there are 67 streets under the Gobichettipalayam Joint I SRO that have a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. Amman Nagar's guideline value is equal to this median.

• Amman Kovil Pathi: Rs 200 per sq.ft (2024)
• Ambross street: Rs 200 per sq.ft (2024)
• Angampalayam Street: Rs 200 per sq.ft (2024)
• Aasaraiyar Street: Rs 200 per sq.ft (2024)
• Arasappan Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 200 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 that covers Amman Nagar is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kolapalore. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to determine the applicable charges. This ensures that the transaction is officially recorded and complies with local regulations.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 66 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with various fluctuations in between.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gobichettipalayam Joint I SRO located?

The Gobichettipalayam Joint I SRO is located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 200 per sq.ft incurs a total stamp duty and registration fee of Rs 18,000.