Guideline Value for ANDAL SRINIVASAN LAY OUT

Andal Srinivasan Lay Out guideline value

The current guideline value of Andal Srinivasan Lay Out is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - F village under the Udumalpettai SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Andal Srinivasan Lay Out has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This value then decreased to Rs 234 per sq.ft in the 2017 revision, reflecting a significant drop of 33%. However, from 2017 to 2023, the guideline value rose sharply by 50%, reaching Rs 350 per sq.ft. The most recent revision in 2024 has increased the value to Rs 380 per sq.ft, marking a 9% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ward - F

In Ward - F, there are 41 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median guideline value for these streets is Rs 475 per sq.ft, indicating that the guideline value of Andal Srinivasan Lay Out is below this median.

• Anna Colony: Rs 380 per sq.ft (2024)
• Ansari Street: Rs 500 per sq.ft (2024)
• Appavu Pillai Layout: Rs 775 per sq.ft (2024)
• Arumugam Nagar: Rs 610 per sq.ft (2024)
• Gandhi Puram: Rs 380 per sq.ft (2024)
• Good Shed Road: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Srinivasan Lay Out

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, totaling Rs 34,200. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Andal Srinivasan Lay Out?

The Andal Srinivasan Lay Out is covered by the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - F. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Andal Srinivasan Lay Out?

The current guideline value of Andal Srinivasan Lay Out is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What are the other streets in Ward - F and their guideline values?

Other streets in Ward - F include Anna Colony at Rs 380 per sq.ft, Ansari Street at Rs 500 per sq.ft, Appavu Pillai Layout at Rs 775 per sq.ft, Arumugam Nagar at Rs 610 per sq.ft, Gandhi Puram at Rs 380 per sq.ft, and Good Shed Road at Rs 475 per sq.ft (all for 2024).

What fees are involved in registering property in Andal Srinivasan Lay Out?

The fees involved in registering property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Andal Srinivasan Lay Out?

The Sub Registrar Office covering Andal Srinivasan Lay Out is located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.