Guideline Value for Ammasai Gounder Street

Ammasai Gounder Street guideline value

The current guideline value of Ammasai Gounder Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in P. Chettipalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ammasai Gounder Street has changed

The guideline value for Ammasai Gounder Street has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 200 per sq.ft, which increased to Rs 220 per sq.ft in the 2024 revision, marking a change of +10%.

As of the 2024 revision, the guideline value stands at Rs 220 per sq.ft. This is an increase from the previous year's figure of Rs 200 per sq.ft, reflecting the latest adjustments made by the authorities.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 470 per sq.ft, indicating that the guideline value of Ammasai Gounder Street is below the median.

• Amman Nagar: Rs 550 per sq.ft (2024)
• Andi Gounder Street: Rs 220 per sq.ft (2024)
• Annai Velankanni Colony: Rs 780 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 780 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)
• Adhi Dravida Street-Pachapalayam: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ammasai Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ammasai Gounder Street?

The Sub Registrar Office that covers Ammasai Gounder Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor when buying or selling property in P. Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is assessed to calculate the necessary fees. This ensures that both parties are aware of the financial implications of the sale, based on the established guideline values in the area.

Frequently asked questions

What is the current guideline value of Ammasai Gounder Street?

The current guideline value of Ammasai Gounder Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ammasai Gounder Street has changed from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in P. Chettipalayam?

In P. Chettipalayam, guideline values range from Rs 220 to Rs 1,300 per sq.ft, with a median of Rs 470 per sq.ft. Other streets have varying values, such as Amman Nagar at Rs 550 per sq.ft and Annai Velankanni Colony at Rs 780 per sq.ft.

How is the stamp duty calculated for properties in Ammasai Gounder Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 15,400.

Where can I find the Sub Registrar Office for Ammasai Gounder Street?

The Sub Registrar Office covering Ammasai Gounder Street is located at No.410a, Raja Street, Coimbatore-641001. You can find more details through the provided link to locate your SRO.