Guideline Value for AmmanKovil

AmmanKovil guideline value

The current guideline value of AmmanKovil, located in Vadugapatti village, is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - V land classification and is registered with the Sivagiri_Erode SRO.

How the guideline value of AmmanKovil has changed

Over the years, the guideline value of AmmanKovil has seen significant changes. The 2007 revision recorded a value of Rs 29 per sq.ft, which increased to Rs 65 per sq.ft in 2012. However, there was a decrease to Rs 44 per sq.ft in 2017. The value then saw a substantial rise to Rs 200 per sq.ft in both the 2023 and 2024 revisions, reflecting a 355% increase from 2017 to 2023 and no change from 2023 to 2024. The register has no figure for this street in 2002 and 2003.

From the 2007 revision to the 2024 revision, the overall increase in the guideline value is 590%. The significant jumps in value highlight the fluctuations in property valuation over the years, with the most notable increase occurring between 2017 and 2023.

Guideline values in Vadugapatti

In Vadugapatti, there are 63 streets under the Sivagiri_Erode SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for AmmanKovil is equal to this median.

• Amaravathipalayam: Rs 200 per sq.ft (2024)
• Avirikkgoundan pudur 566/1: Rs 200 per sq.ft (2024)
• Chinnakinathupalayam: Rs 200 per sq.ft (2024)
• Chinna Kinathupalayam 13/1: Rs 200 per sq.ft (2024)
• Elava Natham 1411: Rs 200 per sq.ft (2024)
• Ellakattuvalasu: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in AmmanKovil

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AmmanKovil?

The Sub Registrar Office that covers AmmanKovil is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vadugapatti. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of AmmanKovil?

The current guideline value of AmmanKovil is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 29 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 590% since 2007.

What is the land classification for AmmanKovil?

AmmanKovil is classified under Residential Class III Type - V, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for AmmanKovil?

The Sub Registrar Office for AmmanKovil is located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, in the Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value incurs a total cost of Rs 18,000 in fees.