Guideline Value for A.K.Ramasamy Thevar First street

A.K.Ramasamy Thevar First street guideline value

The current guideline value of A.K.Ramasamy Thevar First street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of A.K.Ramasamy Thevar First street has changed

The guideline value for A.K.Ramasamy Thevar First street has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 150 per sq.ft. This figure saw a significant increase to Rs 700 per sq.ft in 2012, reflecting a change of +367%. However, the value dropped to Rs 469 per sq.ft in 2017, a decrease of -33%. The subsequent revision in 2023 raised the value to Rs 700 per sq.ft, followed by a further increase to Rs 784 per sq.ft in 2024, marking a rise of +12%.

Overall, from 2007 to 2024, the guideline value has increased by +423%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that carry a guideline value for 2024, ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which aligns with the guideline value of A.K.Ramasamy Thevar First street.

• Adimadaian Pillaiyar kovil street: Rs 784 per sq.ft (2024)
• Adhidhravda Mariappan Kovil Street: Rs 784 per sq.ft (2024)
• Amarjothi Vimana Nagar: Rs 560 per sq.ft (2024)
• Angalamman Kovil Street: Rs 784 per sq.ft (2024)
• Angamuthu Lane: Rs 448 per sq.ft (2024)
• Annamadam Street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.Ramasamy Thevar First street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value would be Rs 7,84,000. The stamp duty at 7% would amount to Rs 54,880, and the registration fee at 2% would be Rs 15,680, bringing the total cost for these fees to Rs 70,560. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.K.Ramasamy Thevar First street?

The Sub Registrar Office that covers A.K.Ramasamy Thevar First street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sulur. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller adhere to the prescribed legal framework.

When a property is bought or sold, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of A.K.Ramasamy Thevar First street?

The current guideline value of A.K.Ramasamy Thevar First street is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, showing an overall increase of +423% over the years.

What is the land classification of A.K.Ramasamy Thevar First street?

A.K.Ramasamy Thevar First street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for A.K.Ramasamy Thevar First street is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,84,000, the total fees would amount to Rs 70,560.