Guideline Value for AGRAGARAVETHI STREET

Agragaravethi Street guideline value

The current guideline value of Agragaravethi Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Agragaravethi Street has changed

The guideline value for Agragaravethi Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then rose again to Rs 1,120 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for Agragaravethi Street for the years 2002, 2003, and 2007.

Guideline values in Kangeyam

Kangeyam village features a total of 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft as of the 2024 revision. The median guideline value for these streets is Rs 448 per sq.ft, placing Agragaravethi Street above this median.

• AGILANDAPURAM Road: Rs 832 per sq.ft (2024)
• Agilandapuram: Rs 336 per sq.ft (2024)
• Agasthilingampalayam Road: Rs 448 per sq.ft (2024)
• Agasthilingampalayam ( North): Rs 616 per sq.ft (2024)
• Agasthilingampalayam: Rs 448 per sq.ft (2024)
• Aditya Garden Phase-2: Rs 616 per sq.ft (2024)

Stamp duty and registration fee for property in Agragaravethi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Agragaravethi Street?

The Sub Registrar Office that covers Agragaravethi Street is 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 is a critical factor in the registration process when buying or selling property in Kangeyam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agragaravethi Street?

The current guideline value of Agragaravethi Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification of Agragaravethi Street?

Agragaravethi Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

How is the stamp duty calculated for property in Agragaravethi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,20,000 would incur a stamp duty of Rs 78,400 at 7%.

Where is the Sub Registrar Office for Agragaravethi Street located?

The Sub Registrar Office for Agragaravethi Street is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.