Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Pappampatti village under the Singanallur SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value for Amman Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 165 per sq.ft, which is an increase from Rs 150 per sq.ft in the 2023 revision, marking a change of +10%. Prior to that, in 2017, the value was Rs 100 per sq.ft, representing a significant increase of +50% when compared to the 2023 figure. The 2012 revision also listed the value at Rs 100 per sq.ft, indicating no change from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +65%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded guideline value for Amman Nagar is from 2012, when it was set at Rs 100 per sq.ft.

Guideline values in Pappampatti

Pappampatti village has a total of 140 streets under the Singanallur SRO, with the 2024 guideline values ranging from Rs 140 to Rs 750 per sq.ft. The median value for these streets is Rs 195 per sq.ft, placing Amman Nagar's current guideline value below that median.

• Alagapuri Nagar: Rs 170 per sq.ft (2024)
• AishyawariyaGarden: Rs 165 per sq.ft (2024)
• Annai Nagar: Rs 165 per sq.ft (2024)
• Agasthisaya Industrial Estate: Rs 165 per sq.ft (2024)
• Annamalai Garden: Rs 195 per sq.ft (2024)
• Arijana colony: Rs 170 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 165 per sq.ft, the total guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, while the registration fee at 2% would be Rs 3,300. Together, the total cost for duty and registration would be Rs 14,850. Please 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pappampatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. It is essential to consider the guideline value to ensure compliance with local regulations during property dealings.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 165 per sq.ft in 2024, reflecting an overall increase of +65% over this period.

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

For a property valued at Rs 1,65,000, the stamp duty would be Rs 11,550 and the registration fee would be Rs 3,300, totaling Rs 14,850.

Which Sub Registrar Office is responsible for Amman Nagar?

The Singanallur Sub Registrar Office is responsible for Amman Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class II Type - II, indicating its designation for residential use.