Guideline Value for Ammasai Konar Street

Ammasai Konar Street guideline value

The current guideline value of Ammasai Konar Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ammasai Konar Street has changed

The guideline value for Ammasai Konar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 900 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,120 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 11%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 12%. Overall, from 2007 to 2024, the guideline value has increased by 24%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value is Rs 1,120 per sq.ft, which is equal to the 2024 figure for Ammasai Konar Street.

• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Amirtha Avenue: Rs 1,100 per sq.ft (2024)
• Anbu Nagar: Rs 1,100 per sq.ft (2024)
• Ambrose Street: Rs 1,120 per sq.ft (2024)
• Ambedkar Street: Rs 1,120 per sq.ft (2024)
• Amaravathy Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Ammasai Konar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ammasai Konar Street?

The Sub Registrar Office that covers Ammasai Konar Street is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sanganur. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently. Buyers and sellers must consider this value when negotiating prices and preparing for registration.

During the registration process, the guideline value is used to calculate applicable fees, including stamp duty and registration charges. These fees are based on the higher of the guideline value or the sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ammasai Konar Street?

The current guideline value of Ammasai Konar Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the registration office for Ammasai Konar Street?

The registration office for Ammasai Konar Street is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 at 7%.

What is the land classification for Ammasai Konar Street?

Ammasai Konar Street is classified as Residential Class I Type - III, which is important for determining the permissible land use and development regulations.