Guideline Value for AKKAMALAI 1st DIVISION

AKKAMALAI 1st DIVISION guideline value

The current guideline value of AKKAMALAI 1st DIVISION is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Anaimalai Hills village, under the Anaimalai SRO, and is classified as Residential Class II Type - II.

How the guideline value of AKKAMALAI 1st DIVISION has changed

The guideline value for AKKAMALAI 1st DIVISION has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 4 per sq.ft, which increased to Rs 10 per sq.ft in 2007. The 2012 revision set the value at Rs 100 per sq.ft, followed by a decrease to Rs 67 per sq.ft in 2017. The value then saw a significant rise to Rs 300 per sq.ft in both the 2023 and 2024 revisions, reflecting a change of +348% from 2017 to 2023 and no change from 2023 to 2024.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +7400%, showcasing a substantial change over the years.

Guideline values in Anaimalai Hills

In Anaimalai Hills, there are 121 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 450 per sq.ft, with the median value being Rs 300 per sq.ft. The guideline value for AKKAMALAI 1st DIVISION aligns with this median.

• AKKAMALAI 2nd DIVISION: Rs 300 per sq.ft (2024)
• ANAIMUDI 1st DIVISION: Rs 300 per sq.ft (2024)
• Anna Nagar: Rs 301 per sq.ft (2024)
• Attakatti: Rs 300 per sq.ft (2024)
• Ayyarpadi Ropeway Factory Division: Rs 300 per sq.ft (2024)
• Ayyarpadi Ropeway Station: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in AKKAMALAI 1st DIVISION

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AKKAMALAI 1st DIVISION?

The Sub Registrar Office that covers AKKAMALAI 1st DIVISION is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anaimalai Hills. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for AKKAMALAI 1st DIVISION?

The current guideline value for AKKAMALAI 1st DIVISION is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4 per sq.ft in 2003 to Rs 300 per sq.ft in 2024, marking an overall increase of +7400% over this period.

What is the stamp duty rate for properties in AKKAMALAI 1st DIVISION?

The stamp duty rate for properties in AKKAMALAI 1st DIVISION is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for AKKAMALAI 1st DIVISION located?

The Sub Registrar Office for AKKAMALAI 1st DIVISION is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

What are the registration fees for property transactions in this area?

The registration fee for property transactions in AKKAMALAI 1st DIVISION is 2% of the guideline value or the sale price, whichever is higher.