Guideline Value for Ammaniammal Layout Ist Street

Ammaniammal Layout Ist Street guideline value

The current guideline value for Ammaniammal Layout Ist Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - O, under the Tiruppur Joint II SRO, with a land classification of Mixed Type - I.

How the guideline value of Ammaniammal Layout Ist Street has changed

Over the years, the guideline value for Ammaniammal Layout Ist Street has seen several revisions. The 2007 revision set the value at Rs 495 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a rise of 62%. However, it then decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value rose significantly to Rs 800 per sq.ft in 2023, followed by another increase to Rs 880 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, illustrating a notable rise in the recent years. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 78%, indicating a substantial change in property values in this area over the years.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,400 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is equal to the 2024 figure for Ammaniammal Layout Ist Street.

• Ammaniammal Layout IInd Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout main road: Rs 880 per sq.ft (2024)
• Ammaniammal layout: Rs 880 per sq.ft (2024)
• Ammaniammal East west Street: Rs 880 per sq.ft (2024)
• A K R Garden: Rs 1,540 per sq.ft (2024)
• Annamar colony: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaniammal Layout Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ammaniammal Layout Ist Street?

The Sub Registrar Office that covers Ammaniammal Layout Ist Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - O

The guideline value is a crucial factor when registering property transactions in Ward - O. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with the prevailing market conditions.

When buyers and sellers engage in property transactions, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and fairness in the registration process, as both parties are aware of the costs involved based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ammaniammal Layout Ist Street?

The current guideline value of Ammaniammal Layout Ist Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 78% over the years.

What is the land classification for Ammaniammal Layout Ist Street?

The land classification for Ammaniammal Layout Ist Street is Mixed Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ammaniammal Layout Ist Street?

The Sub Registrar Office for Ammaniammal Layout Ist Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.