Guideline Value for ANDAL NAGAR

Andal Nagar guideline value

The current guideline value of Andal Nagar is Rs 610 per sq.ft, effective from 1 July 2024. This area is located in Palladam village and falls under the Palladam Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Andal Nagar has changed

The guideline value for Andal Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 368 per sq.ft. This increased significantly to Rs 550 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 610 per sq.ft, which is an increase of 11% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Palladam

In Palladam, there are 56 streets under the Palladam SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 1,450 per sq.ft. The median guideline value for these streets is Rs 840 per sq.ft, placing the 2024 figure for Andal Nagar below this median.

• Annanagar: Rs 780 per sq.ft (2024)
• Arijana Colony: Rs 440 per sq.ft (2024)
• Aruljothi Nagar: Rs 840 per sq.ft (2024)
• A.V.M. Layout: Rs 840 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Bharathi Puram: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 610 per sq.ft, the total guideline value amounts to Rs 6,10,000. The stamp duty at 7% would be Rs 42,700, and the registration fee at 2% would be Rs 12,200, bringing the total cost for these fees to Rs 54,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor in property transactions in Palladam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the costs associated with the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 368 per sq.ft in 2017 to Rs 610 per sq.ft in 2024, marking an overall increase of 66% over these years.

What are the guideline values of other streets in Palladam?

Other streets in Palladam have varying guideline values ranging from Rs 440 to Rs 1,450 per sq.ft, with a median value of Rs 840 per sq.ft.

What are the stamp duty and registration fees for property in Andal Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 42,700 and the registration fee would be Rs 12,200, totaling Rs 54,900 based on the current guideline value.

Which office handles property registrations for Andal Nagar?

The Palladam Sub Registrar Office handles property registrations for Andal Nagar, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.