Guideline Value for ANGALAMMAN KOVIL STREET WARD-7

Angalamman Kovil Street Ward-7 guideline value

The current guideline value of Angalamman Kovil Street Ward-7 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in East_komaralingam village under the Kaniyur SRO, and it falls under the Residential Class III Type - V land classification.

How the guideline value of Angalamman Kovil Street Ward-7 has changed

The guideline value for Angalamman Kovil Street Ward-7 has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value was adjusted down to Rs 107 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 200 per sq.ft in 2023, maintaining the same figure in 2024, resulting in an overall increase of 87% from 2017 to 2023 and 400% from 2007 to 2024.

It is important to note that the register does not provide figures for the years 2002 and 2003 for this street. The guideline value has remained at Rs 200 per sq.ft since the 2023 revision, indicating stability in the recent updates.

Guideline values in East_komaralingam

In East_komaralingam, there are 56 streets under the Kaniyur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Angalamman Kovil Street Ward-7's 2024 figure aligns with this median.

• Alagan Street Ward-2: Rs 200 per sq.ft (2024)
• Aasath Street Ward-4: Rs 200 per sq.ft (2024)
• Chellapparummal Street Ward -5: Rs 200 per sq.ft (2024)
• Chenna Karuppanan Street Ward-5: Rs 200 per sq.ft (2024)
• East Agragaram Ward-4: Rs 200 per sq.ft (2024)
• Galani Street-1 Ward-9: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Kovil Street Ward-7

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 more details.

Which Sub Registrar Office covers Angalamman Kovil Street Ward-7?

The Sub Registrar Office that covers Angalamman Kovil Street Ward-7 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in East_komaralingam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This means that understanding the guideline value is essential for both buyers and sellers to accurately assess their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Angalamman Kovil Street Ward-7?

The current guideline value of Angalamman Kovil Street Ward-7 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, rising from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, an overall increase of 400%.

What is the land classification for Angalamman Kovil Street Ward-7?

Angalamman Kovil Street Ward-7 is classified as Residential Class III Type - V.

Where can I find the Kaniyur Sub Registrar Office?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.