Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The 2017 revision saw a substantial increase to Rs 1,000 per sq.ft in 2023, which remained unchanged in the 2024 revision.

From 2017 to 2023, there was an increase of 87%. Overall, from the 2007 revision to the current 2024 value, there has been a remarkable increase of 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Amman Nagar.

• Ammasai Konar Layout: Rs 1,000 per sq.ft (2024)
• Ammal Layout: Rs 1,000 per sq.ft (2024)
• Amsaveni Layout: Rs 1,000 per sq.ft (2024)
• Amutham Nagar-1, 2 (Ward 14): Rs 1,015 per sq.ft (2024)
• Amutham Nagar (ward 13): Rs 1,015 per sq.ft (2024)
• Amutha Nagar: Rs 1,000 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 would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is assessed by the local authorities and is updated periodically to reflect changes in the market.

When a property is registered, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, contributing to local development and infrastructure.

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 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 400% over the years.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

What is the stamp duty rate for properties in Amman Nagar?

The stamp duty rate for properties in Amman Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Amman Nagar?

The Sub Registrar Office for Amman Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more information about your SRO online.