Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, is Rs 220 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class III Type - V.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value for Amman Nagar has seen several revisions. The 2012 revision set the value at Rs 130 per sq.ft, which was then reduced to Rs 87 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 200 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 220 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

When examining the changes, the 2017 to 2023 revision shows a notable increase of 130%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 69%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value for these streets is Rs 310 per sq.ft, placing Amman Nagar's 2024 figure below that median.

• Ambethkar Veedhi Thottasalai: Rs 380 per sq.ft (2024)
• Amutham Nagar: Rs 220 per sq.ft (2024)
• Angalamman Nagar: Rs 310 per sq.ft (2024)
• Angannan Veedhi: Rs 310 per sq.ft (2024)
• A.K.S. Nagar: Rs 260 per sq.ft (2024)
• Akkaiyanaidu Veedhi East: Rs 260 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Narasimmanaickenpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to ensure that they are not overpaying for a property and that sellers are setting a realistic price based on the registered value.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2012 to Rs 87 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Amman Nagar?

The land classification for Amman Nagar is Residential Class III Type - V.

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

The Sub Registrar Office for Amman Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 220 per sq.ft, the stamp duty would be Rs 15,400.