Guideline Value for ANDHITHOTTAM

Andhithottam guideline value

The current guideline value of Andhithottam, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Andhithottam has changed

The guideline value for Andhithottam has undergone several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft, which increased to Rs 100 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 600%, bringing it to Rs 700 per sq.ft. The 2023 revision also maintained the same value of Rs 700 per sq.ft for 2024, resulting in no percentage change.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 367%.

Guideline values in Muthanampalayam

Muthanampalayam village has a total of 178 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 896 per sq.ft. The median value is Rs 700 per sq.ft, which is the same as the 2024 figure for Andhithottam.

• Annai Garden: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Annamalai Nagar: Rs 700 per sq.ft (2024)
• Anna Nagar: Rs 700 per sq.ft (2024)
• Ambal Nagar: Rs 700 per sq.ft (2024)
• Amaravathi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Andhithottam

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Andhithottam?

The Sub Registrar Office covering Andhithottam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value helps ensure that the fees are calculated based on a standardized value, which is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Andhithottam?

The current guideline value of Andhithottam is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, reflecting an overall increase of 367% over this period.

What is the land classification for Andhithottam?

Andhithottam is classified as Residential Special Type - IV, indicating its designation for residential development.

Where is the Sub Registrar Office for Andhithottam located?

The Sub Registrar Office for Andhithottam is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

How is the stamp duty calculated for properties in Andhithottam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.