Guideline Value for Ammaniammal layout

Ammaniammal layout guideline value

The current guideline value of Ammaniammal layout is Rs 880 per sq.ft, effective from 1 July 2024. This layout is located in Ward - O village under the Tiruppur Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Ammaniammal layout has changed

The guideline value for Ammaniammal layout has undergone several revisions over the years. In 2007, the value was Rs 495 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it saw a decrease to Rs 536 per sq.ft in 2017. The subsequent revision in 2023 brought the value up to Rs 800 per sq.ft, and the most recent revision in 2024 set it at Rs 880 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The jump from 2023 to 2024 was 10%. Overall, from 2007 to 2024, the guideline value has risen by 78%.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Ammaniammal layout.

• Ammaniammal East west Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout IInd Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout Ist Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout main road: 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

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 fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ammaniammal layout?

The Ammaniammal layout falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - O

The guideline value is a crucial factor in the registration process for property transactions in Ward - O. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ammaniammal layout?

The current guideline value of Ammaniammal layout 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 of Ammaniammal layout?

Ammaniammal layout is classified as Mixed Type - I land, which indicates its suitability for various types of development.

Where can I find the Sub Registrar Office for Ammaniammal layout?

The Sub Registrar Office covering Ammaniammal layout is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for property in Ammaniammal layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 880 per sq.ft would incur a total guideline value of Rs 8,80,000, with stamp duty and registration fees calculated accordingly.