Guideline Value for A.Subaramaniayam Nagar

A.Subaramaniayam Nagar guideline value

The current guideline value of A.Subaramaniayam Nagar is Rs 224 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village under the Sulur SRO and is classified as Residential Class III Type - V.

How the guideline value of A.Subaramaniayam Nagar has changed

The guideline value for A.Subaramaniayam Nagar has undergone several revisions over the years. The earliest recorded figure is Rs 60 per sq.ft from the 2007 revision. This increased significantly to Rs 175 per sq.ft in 2012, marking a rise of 192%. However, it then decreased to Rs 117 per sq.ft in 2017, showing a decline of 33%. The value saw a substantial increase to Rs 200 per sq.ft in 2023, which is a 71% rise from the previous figure. The latest revision in 2024 has set the guideline value at Rs 224 per sq.ft, reflecting a 12% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Kannampalayam

In Kannampalayam village, there are 114 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft, with a median value of Rs 336 per sq.ft. The guideline value of A.Subaramaniayam Nagar is below this median.

• Avadisetty thottam south side: Rs 224 per sq.ft (2024)
• Arupudha Mudhaiyar Street: Rs 448 per sq.ft (2024)
• Arunachal Boyar Street: Rs 448 per sq.ft (2024)
• Aruljothi Nagar: Rs 448 per sq.ft (2024)
• Bakkiamalli Thottam Road: Rs 224 per sq.ft (2024)
• Baladhandayudham Nagar: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in A.Subaramaniayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 224 per sq.ft, the total guideline value amounts to Rs 2,24,000. The stamp duty at 7% would be Rs 15,680, and the registration fee at 2% would be Rs 4,480, bringing the total fees together to Rs 20,160. It is essential 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 A.Subaramaniayam Nagar?

The Sub Registrar Office that covers A.Subaramaniayam Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kannampalayam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.Subaramaniayam Nagar?

The current guideline value of A.Subaramaniayam Nagar is Rs 224 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 60 per sq.ft in 2007 to Rs 224 per sq.ft in 2024. This represents an overall increase of 273% over the years.

What are the stamp duty and registration fees for property in A.Subaramaniayam Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 15,680 and the registration fee would be Rs 4,480, totaling Rs 20,160.

Which office handles property registration for A.Subaramaniayam Nagar?

The Sulur Sub Registrar Office handles property registration for A.Subaramaniayam Nagar, located on Tiruchy Road in Sulur.

What is the land classification of A.Subaramaniayam Nagar?

A.Subaramaniayam Nagar is classified as Residential Class III Type - V, indicating its designation for residential use.