Guideline Value for Amutham Nagar

Amutham Nagar guideline value

The current guideline value of Amutham Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class III Type - V.

How the guideline value of Amutham Nagar has changed

The guideline value for Amutham Nagar has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 180 per sq.ft, which was followed by a decrease to Rs 121 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a 65% rise. The most recent revision in 2024 has further increased the value to Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value in this area is Rs 310 per sq.ft, indicating that the value for Amutham Nagar is below this median.

• Amman Nagar: Rs 220 per sq.ft (2024)
• Ambethkar Veedhi Thottasalai: Rs 380 per sq.ft (2024)
• Angalamman Nagar: Rs 310 per sq.ft (2024)
• Angannan Veedhi: Rs 310 per sq.ft (2024)
• Annai Indra Nagar: Rs 220 per sq.ft (2024)
• A.K.S. Nagar: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Amutham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. 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 Amutham Nagar?

Amutham 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 details.

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

The guideline value is a crucial factor when registering property transactions in Narasimmanaickenpalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standard value rather than fluctuating market prices.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps both buyers and sellers in determining the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Amutham Nagar?

The current guideline value of Amutham Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the median guideline value in Narasimmanaickenpalayam?

The median guideline value in Narasimmanaickenpalayam is Rs 310 per sq.ft, while Amutham Nagar's value is below this median.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in the area is 7%, calculated on the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering Amutham Nagar is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.