Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the jurisdiction of the Singanallur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value of Amman Nagar has seen several revisions. The earliest recorded figure is from 2003, where the guideline value was Rs 98 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 665%. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft, a decline of 33%. The value then surged again to Rs 1,000 per sq.ft in 2023, reflecting a 99% increase from the previous revision.

The most recent revision in 2024 maintained the guideline value at Rs 1,000 per sq.ft, showing no change from the 2023 figure. Notably, there are no figures available for the years 2002 and 2007 for this street in the register.

Guideline values in Singanallur

In Singanallur, there are 313 streets that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, indicating that Amman Nagar's 2024 figure is below this median.

• Anaiyangadu Street Extention -2: Rs 1,680 per sq.ft (2024)
• Amar jothi nagar: Rs 1,000 per sq.ft (2024)
• Anjanaiyar colony (ondipudur): Rs 1,001 per sq.ft (2024)
• Akrakaram perumal koil Street (318/50): Rs 1,120 per sq.ft (2024)
• Akrakaram kudiirupu west (317/7): Rs 1,120 per sq.ft (2024)
• Akrakaram Kudiirupu East (317/2): Rs 1,120 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, calculated at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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 Singanallur

The guideline value plays a crucial role in the registration process for property transactions in Singanallur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered as a benchmark. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring 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 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 98 per sq.ft in 2003 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 920% over the years.

What are the other streets in Singanallur and their guideline values?

Other streets in Singanallur have varying guideline values, with rates ranging from Rs 1,000 to Rs 1,680 per sq.ft for 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 90,000.

Which office handles property registration for Amman Nagar?

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