Guideline Value for ALGAMMAL K MUTHUSAMY GARDEN

Algammal K Muthusamy Garden guideline value

The current guideline value of Algammal K Muthusamy Garden is Rs 420 per sq.ft, effective from 1 July 2024. This property is located in Ward 2 village under the Pollachi SRO and falls under the Residential Class IV Type - II land classification.

How the guideline value of Algammal K Muthusamy Garden has changed

Over the years, the guideline value for Algammal K Muthusamy Garden has seen several revisions. The 2012 revision set the value at Rs 420 per sq.ft, which remained unchanged during the 2017 revision. However, in 2017, the value was Rs 281 per sq.ft, marking a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 420 per sq.ft, and this figure was also upheld in the 2024 revision, showing no change between 2023 and 2024.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 420 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 420 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 420 per sq.ft, which is equal to the guideline value of Algammal K Muthusamy Garden.

• Amaithi Nagar: Rs 302 per sq.ft (2024)
• Amar Jothi Nagar: Rs 302 per sq.ft (2024)
• Adhidravidar Street: Rs 750 per sq.ft (2024)
• Annai Kasthuribai Street: Rs 541 per sq.ft (2024)
• Annapoorani Layout: Rs 675 per sq.ft (2024)
• Anumantharaya Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Algammal K Muthusamy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value amounts to Rs 4,20,000. The stamp duty at 7% would be Rs 29,400, and the registration fee at 2% would be Rs 8,400, making the total cost for these fees Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Algammal K Muthusamy Garden?

The Sub Registrar Office that covers Algammal K Muthusamy Garden is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Ward 2. It is used as a basis for calculating the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Algammal K Muthusamy Garden?

The current guideline value of Algammal K Muthusamy Garden is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 420 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 281 per sq.ft in 2017 to Rs 420 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 4,20,000, the stamp duty would be Rs 29,400 and the registration fee would be Rs 8,400, totaling Rs 37,800.

Which office handles property registrations in Pollachi?

The Pollachi Sub Registrar Office handles property registrations in Pollachi, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification of Algammal K Muthusamy Garden?

Algammal K Muthusamy Garden is classified under Residential Class IV Type - II land classification.