Guideline Value for Ammichiamman Kovil Veethi

Ammichiamman Kovil Veethi guideline value

The current guideline value of Ammichiamman Kovil Veethi is Rs 620 per sq.ft, effective from 1 July 2024. This street is located in Gudalur village, under the Periyanayakkan Palayam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Ammichiamman Kovil Veethi has changed

The guideline value for Ammichiamman Kovil Veethi has undergone several revisions over the years. The 2012 revision set the value at Rs 550 per sq.ft, which was then reduced to Rs 368 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 550 per sq.ft, and the most recent 2024 revision raised it further to Rs 620 per sq.ft, marking an increase of 13% from the previous year.

In summary, the changes in guideline value from 2012 to 2024 show an overall increase of 13%. Specifically, from 2017 to 2023, there was a significant increase of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 320 to Rs 1,110 per sq.ft. The median guideline value in the village is Rs 370 per sq.ft, placing Ammichiamman Kovil Veethi's 2024 figure above this median.

• Amsi Nagar: Rs 340 per sq.ft (2024)
• Ananda Nagar: Rs 420 per sq.ft (2024)
• Anandham Avenue: Rs 340 per sq.ft (2024)
• Amman Nagar: Rs 340 per sq.ft (2024)
• Anbu Nagar: Rs 370 per sq.ft (2024)
• Andaalpuram: Rs 355 per sq.ft (2024)

Stamp duty and registration fee for property in Ammichiamman Kovil Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 620 per sq.ft, the total guideline value amounts to Rs 6,20,000. The stamp duty at 7% would be Rs 43,400, and the registration fee at 2% would be Rs 12,400, bringing the total to Rs 55,800. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ammichiamman Kovil Veethi?

The Sub Registrar Office that covers Ammichiamman Kovil Veethi is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Gudalur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value serves as a benchmark for the minimum price at which a property can be registered.

When buying a property, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration process will use the guideline value to calculate the applicable fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ammichiamman Kovil Veethi?

The current guideline value of Ammichiamman Kovil Veethi is Rs 620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 550 per sq.ft in 2012 to Rs 620 per sq.ft in 2024, with notable changes occurring in 2017 and 2023.

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

For a property valued at the current guideline value of Rs 6,20,000, the stamp duty would be Rs 43,400, and the registration fee would be Rs 12,400, totaling Rs 55,800.

Which Sub Registrar Office is responsible for Ammichiamman Kovil Veethi?

The Periyanayakkan Palayam Sub Registrar Office is responsible for Ammichiamman Kovil Veethi, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification for Ammichiamman Kovil Veethi?

The land classification for Ammichiamman Kovil Veethi is Mixed Type - I, indicating a diverse use of land in this area.