Guideline Value for Ammasai Maniyagarrar Street

Ammasai Maniyagarrar Street guideline value

The current guideline value of Ammasai Maniyagarrar Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nerinjipettai village under the Ammapettai_Erode SRO, classified as Residential Class I Type - I.

How the guideline value of Ammasai Maniyagarrar Street has changed

The guideline value for Ammasai Maniyagarrar Street has seen several revisions over the years. The 2003 revision set the value at Rs 64 per sq.ft, which increased to Rs 67 per sq.ft in 2007. Following this, the value surged to Rs 250 per sq.ft in 2012, marking a significant increase of 273%. However, it then dropped to Rs 168 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 251 per sq.ft in 2023, before stabilizing at Rs 250 per sq.ft in the 2024 revision, reflecting no change from the previous year.

It is important to note that there is no figure for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 291%.

Guideline values in Nerinjipettai

Nerinjipettai village has a total of 36 streets under the Ammapettai_Erode SRO, with 2024 guideline values ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing Ammasai Maniyagarrar Street's 2024 figure above this median.

• Anna Street: Rs 250 per sq.ft (2024)
• Car Street: Rs 250 per sq.ft (2024)
• Chen Street: Rs 250 per sq.ft (2024)
• Chinnapallam: Rs 200 per sq.ft (2024)
• Chitthaiyan Nagar: Rs 150 per sq.ft (2024)
• Chitthaiyan Nagar - Kattu Kottai: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Ammasai Maniyagarrar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that the 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 Ammasai Maniyagarrar Street?

The Ammasai Maniyagarrar Street falls under the jurisdiction of the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nerinjipettai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the transaction is aligned with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ammasai Maniyagarrar Street?

The current guideline value of Ammasai Maniyagarrar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 250 per sq.ft in 2024, following Rs 251 per sq.ft in 2023, and Rs 168 per sq.ft in 2017.

What is the median guideline value for streets in Nerinjipettai?

The median guideline value for streets in Nerinjipettai is Rs 225 per sq.ft, with Ammasai Maniyagarrar Street's 2024 figure being above this median.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Ammasai Maniyagarrar Street?

The Ammapettai_Erode Sub Registrar Office handles registrations for Ammasai Maniyagarrar Street, located in Erode District.