Guideline Value for AKKAMMAL AVENUE

Akkammal Avenue guideline value

The current guideline value of Akkammal Avenue is Rs 1,105 per sq.ft, effective from 1 July 2024. This street is located in Chinnavedampatty, under the Gandhipuram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Akkammal Avenue has changed

Over the years, the guideline value of Akkammal Avenue has seen significant changes. In the 2012 revision, the value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, reflecting an increase of 199%. The latest revision in 2024 has further raised the guideline value to Rs 1,105 per sq.ft, a rise of 11% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 121%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,095 per sq.ft, placing Akkammal Avenue's 2024 figure above that median.

• Akkammal Garden: Rs 1,105 per sq.ft (2024)
• Adi Dravidar Veethi (Udayampalayam Natham): Rs 1,090 per sq.ft (2024)
• Adi Dravidar Veethi (Chinnavedampatti Natham): Rs 1,090 per sq.ft (2024)
• Adi Dravidar Natham(Nanjay Gounden Pudur): Rs 1,090 per sq.ft (2024)
• Adhithi Enclave: Rs 2,000 per sq.ft (2024)
• Abirami Garden: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Akkammal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,105 per sq.ft, the total guideline value would be Rs 11,05,000. The stamp duty at 7% would amount to Rs 77,350, and the registration fee at 2% would be Rs 22,100, making the total cost for these fees Rs 99,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akkammal Avenue?

The Akkammal Avenue falls under the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Chinnavedampatty. When you buy or sell property, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for both buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Understanding this value helps in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Akkammal Avenue?

The current guideline value of Akkammal Avenue is Rs 1,105 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 500 per sq.ft in 2012 to Rs 1,105 per sq.ft in 2024, marking an overall increase of 121% during this period.

What are the stamp duty and registration fees for property in Akkammal Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,450, based on the guideline value of Rs 11,05,000.

Which office handles registrations for Akkammal Avenue?

The registrations for Akkammal Avenue are handled by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to understand this value to ensure accurate financial planning during the buying or selling process.