Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Vadavalli village under the Vadavalli SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

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 set at Rs 1,000 per sq.ft. This figure decreased by 33% to Rs 670 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 1,000 per sq.ft. The most recent revision in 2024 increased the value by 10% to Rs 1,100 per sq.ft.

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

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making Amman Nagar's 2024 figure equal to this median.

• Amman Kovil Street: Rs 1,100 per sq.ft (2024)
• Amitra's Adarsh: Rs 1,004 per sq.ft (2024)
• Ambika Nagar: Rs 1,000 per sq.ft (2024)
• Anandha Krishna Layout: Rs 1,000 per sq.ft (2024)
• Anandha Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Anandha Nagar 2nd Cross Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

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 Vadavalli

The guideline value is a crucial factor when registering property transactions in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. This value is particularly important for calculating the applicable taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Amman Nagar?

Amman Nagar is classified as Residential Class I Type - I land.

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.

How is stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.