Guideline Value for AGASTHILINGAMPALAYAM ( NORTH)

Agasthilingampalayam ( North) guideline value

The current guideline value of Agasthilingampalayam ( North) is Rs 616 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village under the Kangeyam Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Agasthilingampalayam ( North) has changed

Over the years, the guideline value for Agasthilingampalayam ( North) has undergone several revisions. The 2012 revision set the value at Rs 550 per sq.ft, which then decreased to Rs 368 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 550 per sq.ft in the 2023 revision and then rose to Rs 616 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, placing Agasthilingampalayam ( North) above this median at Rs 616 per sq.ft.

• Agasthilingampalayam: Rs 448 per sq.ft (2024)
• Agasthilingampalayam Road: Rs 448 per sq.ft (2024)
• Agilandapuram: Rs 336 per sq.ft (2024)
• AGILANDAPURAM Road: Rs 832 per sq.ft (2024)
• Agragaravethi Street: Rs 1,120 per sq.ft (2024)
• Aditya Garden Phase-2: Rs 616 per sq.ft (2024)

Stamp duty and registration fee for property in Agasthilingampalayam ( North)

For a 1,000 sq.ft plot at the current guideline value of Rs 616 per sq.ft, the total guideline value amounts to Rs 6,16,000. The stamp duty at 7% would be Rs 43,120, and the registration fee at 2% would be Rs 12,320, making the total charges Rs 55,440. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agasthilingampalayam ( North)?

The Agasthilingampalayam ( North) area falls under the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kangeyam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is officially recorded in accordance with the local regulations.

When a property is sold, the guideline value is considered to ensure that the sale price is in line with the government’s valuation. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Agasthilingampalayam ( North)?

The current guideline value of Agasthilingampalayam ( North) is Rs 616 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 550 per sq.ft in 2023 to Rs 616 per sq.ft in 2024, reflecting a 12% rise. Over the years, the value has fluctuated, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Agasthilingampalayam ( North)?

Agasthilingampalayam ( North) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Agasthilingampalayam ( North)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,16,000, the stamp duty would be Rs 43,120 at a rate of 7%.