Guideline Value for Amutha Nagar

Amutha Nagar guideline value

The current guideline value for Amutha Nagar is Rs 1,000 per sq.ft, effective from the 2024 revision. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Amutha Nagar has changed

The guideline value for Amutha Nagar has seen several revisions over the years. In 2007, the guideline value was set at Rs 300 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, it then decreased to Rs 536 per sq.ft in 2017, which was a decline of 33%. The value rebounded to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, resulting in no percentage change between these two years.

Overall, from 2007 to 2024, the guideline value for Amutha Nagar has increased by 233%. The register has no figures for this street for the years 2002 and 2003.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, which is equal to the guideline value for Amutha Nagar.

• Amutham Nagar (ward 13): Rs 1,015 per sq.ft (2024)
• Amutham Nagar-1, 2 (Ward 14): Rs 1,015 per sq.ft (2024)
• Amsaveni Layout: Rs 1,000 per sq.ft (2024)
• Ammasai Konar Layout: Rs 1,000 per sq.ft (2024)
• Amman Nagar: Rs 1,000 per sq.ft (2024)
• Anbalagan Nagar: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Amutha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimations.

Which Sub Registrar Office covers Amutha Nagar?

The Sub Registrar Office that covers Amutha Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Amutha Nagar?

The current guideline value for Amutha Nagar is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Amutha Nagar has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 233% over the years.

What is the land classification for Amutha Nagar?

Amutha Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Amutha Nagar located?

The Vadavalli Sub Registrar Office covers Amutha Nagar and is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Amutha Nagar?

Stamp duty for properties in Amutha Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.