Guideline Value for ANDAL NAGAR/SRI AMBAL NAGAR

Andal Nagar/Sri Ambal Nagar guideline value

The current guideline value of Andal Nagar/Sri Ambal Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village, under the Ganapathy SRO, classified as Residential Class I Type - II.

How the guideline value of Andal Nagar/Sri Ambal Nagar has changed

The guideline value for Andal Nagar/Sri Ambal Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision for 2024 has set it at Rs 1,008 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes were notable. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a remarkable increase of 149%. The overall change from 2012 to 2024 reflects an increase of 68% in the guideline value.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value for these streets is Rs 1,008 per sq.ft, which is equal to the guideline value for Andal Nagar/Sri Ambal Nagar.

• Anbu Nagar/Murugan Nagar: Rs 1,010 per sq.ft (2024)
• Andiyappa Devar Layout/Viswasapuram: Rs 1,010 per sq.ft (2024)
• A.N.Nagar: Rs 1,006 per sq.ft (2024)
• Annai Nagar: Rs 1,008 per sq.ft (2024)
• Amman Nagar Peace-1,2,3,4: Rs 1,010 per sq.ft (2024)
• Annai Velankanni Nagar/Udaya Nagar: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagar/Sri Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, bringing the total fees to Rs 90,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Andal Nagar/Sri Ambal Nagar?

The Andal Nagar/Sri Ambal Nagar area is covered by the Ganapathy Sub Registrar Office located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code for this area is 641006.

To find your SRO, you can visit this link.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Andal Nagar/Sri Ambal Nagar?

The current guideline value of Andal Nagar/Sri Ambal Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,008 per sq.ft in 2024, with notable increases and decreases in between, including a significant rise of 149% from 2017 to 2023.

What is the land classification of Andal Nagar/Sri Ambal Nagar?

The land classification for Andal Nagar/Sri Ambal Nagar is Residential Class I Type - II.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, with the postal code 641006.

How is stamp duty calculated for properties in Andal Nagar/Sri Ambal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 90,720, which includes both stamp duty and registration fees.