Guideline Value for AGRAHARAM ROAD( 1083,1084,1085)

Agraharam Road( 1083,1084,1085) guideline value

The current guideline value of Agraharam Road( 1083,1084,1085) is Rs 801 per sq.ft, effective from 1 July 2024. This road is located in Gudalur-2 village and falls under the Goodaloor SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Agraharam Road( 1083,1084,1085) has changed

The guideline value for Agraharam Road( 1083,1084,1085) has undergone several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in 2023, marking a significant increase of 49%. The latest revision in 2024 saw a slight increase to Rs 801 per sq.ft, which represents no percentage change from the previous year.

There are no recorded guideline values for this street in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gudalur-2

In Gudalur-2, there are 52 streets under the Goodaloor SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,101 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that the guideline value of Agraharam Road( 1083,1084,1085) is above that median.

• Asha Bhavan Road, Gudalur(1263,1264,1268): Rs 300 per sq.ft (2024)
• Chevidipet - Kulampuzha(359,362,489,482,483,484,485,491): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam Road( 1083,1084,1085)

For a 1,000 sq.ft plot at the current guideline value of Rs 801 per sq.ft, the total guideline value amounts to Rs 8,01,000. The stamp duty at 7% would be Rs 56,070, and the registration fee at 2% would be Rs 16,020, bringing the total cost for these fees to Rs 72,090. It is important to 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 to estimate your costs.

Which Sub Registrar Office covers Agraharam Road( 1083,1084,1085)?

The Sub Registrar Office that covers Agraharam Road( 1083,1084,1085) is the Goodaloor Sub Registrar Office, located at 10/512a.old Court Road, Gudalur, Nilgiris-643212, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Gudalur-2

The guideline value is a crucial factor in the registration process when buying or selling property in Gudalur-2. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Agraharam Road( 1083,1084,1085)?

The current guideline value of Agraharam Road( 1083,1084,1085) is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 801 per sq.ft in 2024, marking a total increase of 49% from 2017 to 2024.

What are the stamp duty and registration fees for a property on Agraharam Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,01,000, resulting in a stamp duty of Rs 56,070 and a registration fee of Rs 16,020, totaling Rs 72,090.

Which Sub Registrar Office covers Agraharam Road?

The Goodaloor Sub Registrar Office covers Agraharam Road( 1083,1084,1085), located at 10/512a.old Court Road, Gudalur, Nilgiris-643212, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring compliance with local regulations. It is based on the higher of the guideline value or the sale price of the property.