Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 300 per sq.ft. This area is located in Sarkarsamakulam village, under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - I.

How the guideline value of Amman Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it was recorded at Rs 201 per sq.ft, marking a decrease of 33%. The latest revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 300 per sq.ft, representing a 49% increase from 2017.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 300 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sarkarsamakulam

Currently, there are no specific guideline values provided for other streets in Sarkarsamakulam under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is essential to note that the 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 Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sarkarsamakulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase from 2017.

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

For a plot of 1,000 sq.ft at Rs 300 per sq.ft, the guideline value is Rs 3,00,000. The total stamp duty and registration fees would amount to Rs 27,000, calculated based on the guideline value.

Which office handles registrations for Amman Nagar?

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

Are there other streets in Sarkarsamakulam with guideline values?

Currently, there are no specific guideline values provided for other streets in Sarkarsamakulam under the Periyanayakkan Palayam SRO.