Guideline Value for Ammankulam Road,

Ammankulam Road, guideline value

The current guideline value of Ammankulam Road, located in Ward 10 village under the Peelamedu SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Ammankulam Road, has changed

The guideline value for Ammankulam Road has seen several revisions over the years. The 2007 revision recorded a value of Rs 570 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 251%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The 2017 revision then saw a substantial increase to Rs 2,000 per sq.ft in 2023, representing a 49% rise. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Ammankulam Road in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with the median value being Rs 2,200 per sq.ft. Ammankulam Road's 2024 figure aligns with this median.

• Ammankulam North Street: Rs 1,760 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 Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the 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 Ammankulam Road,?

The Sub Registrar Office that covers Ammankulam Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 10. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is legally recorded and that all financial obligations are met according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Ammankulam Road?

The current guideline value of Ammankulam Road is Rs 2,200 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 2,200 per sq.ft in 2024, reflecting an overall increase of 286% over this period.

What is the registration fee for property in Ammankulam Road?

The registration fee is 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where is the Sub Registrar Office for Ammankulam Road located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Ammankulam Road?

Ammankulam Road falls under the Residential Class I Type - III land classification.