Guideline Value for AKKAMALAI 2nd DIVISION

AKKAMALAI 2nd DIVISION guideline value

The current guideline value of AKKAMALAI 2nd DIVISION is Rs 300 per sq.ft, effective from 1 July 2024. This division is located in Anaimalai Hills village under the Anaimalai SRO, classified as Residential Class II Type - II.

How the guideline value of AKKAMALAI 2nd DIVISION has changed

The guideline value for AKKAMALAI 2nd DIVISION has undergone several revisions over the years. In 2003, the value was Rs 4 per sq.ft, which increased to Rs 10 per sq.ft in 2007, marking a significant rise of 150%. The value then saw a substantial jump to Rs 100 per sq.ft in 2012, reflecting a 900% increase. However, from 2012 to 2017, the value decreased to Rs 67 per sq.ft, a drop of 33%. From 2017 to 2023, the value surged to Rs 300 per sq.ft, an increase of 348%. The current revision in 2024 maintains this value at Rs 300 per sq.ft, showing no change from 2023.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 7400%, demonstrating significant growth over the years.

Guideline values in Anaimalai Hills

Anaimalai Hills features 121 streets under the Anaimalai SRO with 2024 guideline values ranging from Rs 300 to Rs 450 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the 2024 figure for AKKAMALAI 2nd DIVISION.

• AKKAMALAI 1st 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 2nd DIVISION

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AKKAMALAI 2nd DIVISION?

The Sub Registrar Office that covers AKKAMALAI 2nd 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 plays a crucial role in the registration process when buying or selling property in Anaimalai Hills. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is legally compliant and properly documented.

Frequently asked questions

What is the current guideline value of AKKAMALAI 2nd DIVISION?

The current guideline value of AKKAMALAI 2nd 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 the years.

What is the land classification for AKKAMALAI 2nd DIVISION?

AKKAMALAI 2nd DIVISION is classified as Residential Class II Type - II.

Where is the Sub Registrar Office for AKKAMALAI 2nd DIVISION located?

The Sub Registrar Office for AKKAMALAI 2nd DIVISION is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000.