Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Ward 7 village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Amman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, marking a decline of 33%. The value then increased significantly by 50% to Rs 350 per sq.ft in the 2023 revision. The current guideline value, effective from 1 July 2024, remains at Rs 350 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 350 per sq.ft.

Guideline values in Ward 7

In Ward 7, there are 40 streets under the Pollachi SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,226 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Amman Nagar is above this median.

• Amman Kovil Street: Rs 300 per sq.ft (2024)
• Annai Anjugam Nagar: Rs 600 per sq.ft (2024)
• Asari Street: Rs 300 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 300 per sq.ft (2024)
• Collector Benglow: Rs 300 per sq.ft (2024)
• Dimond City: Rs 350 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 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 7

The guideline value plays a crucial role in the registration process of property transactions in Ward 7. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When registering a property, the guideline value is considered to ensure that the transaction reflects the fair value of the property. Buyers and sellers must be aware of the guideline value to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 350 per sq.ft in both the 2023 and 2024 revisions. It decreased to Rs 234 per sq.ft in 2017 from Rs 350 per sq.ft in 2012, before returning to Rs 350 per sq.ft in 2023.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class III Type - I under the Pollachi Sub Registrar Office.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amman Nagar located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.