Guideline Value for Ammankulam North Street

Ammankulam North Street guideline value

The current guideline value of Ammankulam North Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Special Type - I.

How the guideline value of Ammankulam North Street has changed

The guideline value for Ammankulam North Street has undergone several revisions over the years. The 2007 revision set the value at Rs 570 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012. However, it then decreased to Rs 1,072 per sq.ft in 2017. The value rose again to Rs 1,600 per sq.ft in 2023 and has now reached Rs 1,760 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 209%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with guideline values ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Ammankulam North Street below that median.

• Ammankulam Road: Rs 2,200 per sq.ft (2024)
• Ammankulam South Street 1 & 2: Rs 1,760 per sq.ft (2024)
• Amman Nagar: Rs 1,320 per sq.ft (2024)
• Almelu Mangamal Ammal Lauout 1 & 2: Rs 1,320 per sq.ft (2024)
• Andhoniyar Kovil Street: Rs 1,320 per sq.ft (2024)
• Akastin Pattai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ammankulam North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty is charged at 7%, resulting in Rs 1,23,200, while the registration fee at 2% amounts to Rs 35,200. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ammankulam North Street?

The Ammankulam North Street falls under the jurisdiction of the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 10

The guideline value serves as a reference for property transactions in Ward 10. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the government receives the appropriate revenue from real estate transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ammankulam North Street?

The current guideline value of Ammankulam North Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 209% over the years.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 17,60,000, the total fees would be Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Peelamedu Sub Registrar Office covers Ammankulam North Street, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Ammankulam North Street?

Ammankulam North Street is classified as Residential Special Type - I, indicating its suitability for residential development.