Guideline Value for AADHAVAN AMBAL NAGAR

Aadhavan Ambal Nagar guideline value

The current guideline value of Aadhavan Ambal Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Sirumugai village and falls under the Mettupalayam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Aadhavan Ambal Nagar has changed

The guideline value for Aadhavan Ambal Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2023 revision also maintained this value, with no change noted in the subsequent 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 600 per sq.ft, indicating stability in this period.

Guideline values in Sirumugai

In Sirumugai, there are 58 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 600 per sq.ft. Aadhavan Ambal Nagar's 2024 guideline value aligns with this median.

• Allur Uliyur Gandhe (WARD 12): Rs 200 per sq.ft (2024)
• Ambethkar Nagar: Rs 200 per sq.ft (2024)
• Anna Nagar (WARD 1): Rs 600 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Bharathiyar Street (WARD 11): Rs 200 per sq.ft (2024)
• East Street (WARD 2): Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhavan Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is calculated at 7%, resulting in Rs 42,000, while the registration fee is charged at 2%, amounting to Rs 12,000. Therefore, the total cost for these fees together is Rs 54,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aadhavan Ambal Nagar?

The Aadhavan Ambal Nagar area is covered by the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sirumugai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. This ensures that the property is assessed fairly according to the prevailing rates in the area.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Aadhavan Ambal Nagar?

The current guideline value of Aadhavan Ambal Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Aadhavan Ambal Nagar?

Aadhavan Ambal Nagar is classified as Residential Class I Type - II.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.

How is the stamp duty calculated for properties in Aadhavan Ambal Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000.