Guideline Value for ANDAL NAGAR

Andal Nagar guideline value

The current guideline value of Andal Nagar, located in Ottarpalayam village under the Singanallur SRO, is Rs 405 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Andal Nagar has changed

The guideline value for Andal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 405 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 368 per sq.ft. Prior to 2023, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 368 per sq.ft in 2023 to Rs 405 per sq.ft in 2024. The previous revisions do not have figures listed for this street, indicating that the current value reflects the latest assessment.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft, with a median value of Rs 495 per sq.ft. The guideline value for Andal Nagar is below this median.

• Angappan veethy: Rs 385 per sq.ft (2024)
• Anagadevar Street: Rs 385 per sq.ft (2024)
• Agathiyar Nagar: Rs 385 per sq.ft (2024)
• Agathiar veethy: Rs 495 per sq.ft (2024)
• Arul Murugan Nagar (382): Rs 825 per sq.ft (2024)
• Arunagirinathar Street (122): Rs 495 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 405 per sq.ft, the total guideline value would be Rs 4,05,000. The stamp duty at 7% would amount to Rs 28,350, and the registration fee at 2% would be Rs 8,100, totaling Rs 36,450. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Ottarpalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar is Rs 405 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 368 per sq.ft in 2023 to Rs 405 per sq.ft in 2024. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Ottarpalayam?

The median guideline value for streets in Ottarpalayam is Rs 495 per sq.ft for the year 2024. Andal Nagar's guideline value is below this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 36,450.

Which office handles property registration in Andal Nagar?

The Singanallur Sub Registrar Office handles property registration in Andal Nagar. It is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.