Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value for Amman Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Pattanam village under the Singanallur SRO, classified as Residential Class I Type - I.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. This was a decline of 33%. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, marking a 49% increase. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO, with guideline values for 2024 ranging from Rs 165 to Rs 1,815 per sq.ft. The median value for these streets is Rs 220 per sq.ft, placing Amman Nagar's 2024 figure above this median.

• Amman Nagar, Extension: Rs 330 per sq.ft (2024)
• Andal Garden: Rs 220 per sq.ft (2024)
• Alagimmal Colony: Rs 220 per sq.ft (2024)
• Angel Garden: Rs 165 per sq.ft (2024)
• Annai Gardens: Rs 635 per sq.ft (2024)
• Annai Increte Nagar: Rs 220 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, while the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

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, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Pattanam. It serves as a benchmark for determining the minimum value at which properties 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 in assessing the costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall expenses of the transaction.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Amman Nagar?

Amman Nagar is classified as Residential Class I Type - I under the Singanallur SRO.

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

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registrations in Amman Nagar?

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