Guideline Value for Amsi Nagar

Amsi Nagar guideline value

The current guideline value of Amsi Nagar, located in Gudalur village under the Periyanayakkan Palayam SRO, is Rs 340 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Amsi Nagar has changed

The guideline value for Amsi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 340 per sq.ft, which is an increase from Rs 300 per sq.ft in 2023, reflecting a change of +13%. Prior to that, the value was Rs 167 per sq.ft in 2017, marking a significant increase of +80% over the six years. The 2012 revision listed the value at Rs 250 per sq.ft, which indicates a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +36%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only available revisions are from 2012, 2017, 2023, and 2024.

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, with a median value of Rs 370 per sq.ft. Amsi Nagar's guideline value is below this median.

• Ammichiamman Kovil Veethi: Rs 620 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 Amsi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800. Together, the total cost for stamp duty and registration fee would be Rs 30,600. 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 Amsi Nagar?

Amsi Nagar falls under 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 crucial factor when registering property transactions in Gudalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amsi Nagar?

The current guideline value of Amsi Nagar is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 340 per sq.ft in 2024, reflecting an overall increase of +36% over this period.

What is the land classification for Amsi Nagar?

Amsi Nagar is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Amsi Nagar?

The Sub Registrar Office covering Amsi Nagar is the Periyanayakkan Palayam SRO, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated in Amsi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For Amsi Nagar, the stamp duty at the current guideline value would be Rs 23,800 for a 1,000 sq.ft plot.