Guideline Value for AKKAMMAL GARDEN

Akkammal Garden guideline value

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

How the guideline value of Akkammal Garden has changed

The guideline value of Akkammal Garden has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, representing a 199% increase. The latest revision in 2024 has set the value at Rs 1,105 per sq.ft, which is an increase of 11% from the previous year.

There are no figures available 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, and the 2024 figure for Akkammal Garden is above this median.

• Akkammal Avenue: 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 Garden

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, leading to a total of Rs 99,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akkammal Garden?

The Akkammal Garden area is covered by 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 is a crucial factor in property transactions in Chinnavedampatty. It serves as a benchmark for determining the minimum value at which properties can be registered. When a buyer and seller agree on a sale price, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the higher value between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Akkammal Garden?

The current guideline value of Akkammal Garden 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 from Rs 500 per sq.ft in 2012 to Rs 1,105 per sq.ft in 2024, reflecting an overall increase of 121% over this period.

What are the stamp duty rates for properties in Akkammal Garden?

The stamp duty for properties in Akkammal Garden is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Akkammal Garden?

The Gandhipuram Sub Registrar Office handles property registrations for Akkammal Garden, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the median guideline value for streets in Chinnavedampatty?

The median guideline value for streets in Chinnavedampatty is Rs 1,095 per sq.ft, with Akkammal Garden's 2024 figure being above this median.