Guideline Value for ANDIKKADU (KARUMARAMPALAYAM)

Andikkadu (Karumarampalayam) guideline value

The current guideline value of Andikkadu (Karumarampalayam) is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Andikkadu (Karumarampalayam) has changed

Over the years, the guideline value for Andikkadu (Karumarampalayam) has seen significant revisions. The 2007 revision set the value at Rs 245 per sq.ft, which increased to Rs 450 per sq.ft in 2012. However, there was a decrease in the value in 2017, bringing it down to Rs 301 per sq.ft. The value then surged to Rs 700 per sq.ft in 2023, and currently stands at Rs 705 per sq.ft from the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 133%. The value then saw a modest rise of 1% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 188%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 2,200 per sq.ft. The median value for these streets is Rs 706 per sq.ft, placing Andikkadu (Karumarampalayam) slightly below this median.

• Anaikadu: Rs 1,100 per sq.ft (2024)
• Ambuli Nagar: Rs 705 per sq.ft (2024)
• A K Nagar: Rs 705 per sq.ft (2024)
• A.I.T.U.C Colony 4th Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 3rd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 2nd Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Andikkadu (Karumarampalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, leading to a total of Rs 63,450 for these charges. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andikkadu (Karumarampalayam)?

The Sub Registrar Office that covers Andikkadu (Karumarampalayam) is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ward - F. It is used to determine the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the financial obligations associated with the transaction. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Andikkadu (Karumarampalayam)?

The current guideline value of Andikkadu (Karumarampalayam) is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 245 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, marking an overall increase of 188%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,05,000. The stamp duty at 7% is Rs 49,350, and the registration fee at 2% is Rs 14,100, leading to a total of Rs 63,450.

Which office handles registrations for Andikkadu (Karumarampalayam)?

The Tiruppur Joint II Sub Registrar Office handles registrations for Andikkadu (Karumarampalayam), located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions. It ensures that the transaction is recorded accurately in the official registry, reflecting the value of the property.