Guideline Value for Ammankulam South Street 1 & 2

Ammankulam South Street 1 & 2 guideline value

The current guideline value of Ammankulam South Street 1 & 2 is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 of Peelamedu SRO, classified as Residential Special Type - I.

How the guideline value of Ammankulam South Street 1 & 2 has changed

The guideline value for Ammankulam South Street 1 & 2 has seen several revisions over the years. In 2007, the guideline value was Rs 570 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012, marking a rise of 181%. However, this value dropped to Rs 1,072 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 set the value at Rs 1,600 per sq.ft, reflecting a 49% increase from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, representing a 10% rise from 2023.

It is important to note that there are no figures available for Ammankulam South Street 1 & 2 in the 2002 and 2003 revisions.

Guideline values in Ward 10

In Ward 10, the guideline values range from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Ammankulam South Street 1 & 2 is below this median.

• Ammankulam Road: Rs 2,200 per sq.ft (2024)
• Ammankulam North Street: 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 South Street 1 & 2

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 at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ammankulam South Street 1 & 2?

The Sub Registrar Office that covers Ammankulam South Street 1 & 2 is 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 is a critical factor in the registration process for property transactions in Ward 10. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the prescribed rates set by the government.

When a property is bought or sold, the guideline value helps determine the official valuation of the property, which is essential for legal documentation and transfer of ownership. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Ammankulam South Street 1 & 2?

The current guideline value for Ammankulam South Street 1 & 2 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, reflecting an overall increase of 209% over the years.

What is the stamp duty rate for properties in Ammankulam South Street 1 & 2?

The stamp duty rate for properties in Ammankulam South Street 1 & 2 is 7% of the guideline value or the sale price, whichever is higher.

Where is the Peelamedu Sub Registrar Office located?

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

What is the land classification for Ammankulam South Street 1 & 2?

Ammankulam South Street 1 & 2 is classified as Residential Special Type - I.