Guideline Value for ANGAPPA PILLAI LANE

Angappa Pillai Lane guideline value

The current guideline value of Angappa Pillai Lane is Rs 226 per sq.ft, effective from 1 July 2024. This street is located in Zaminuthukuzhi village, under the Pollachi SRO, and is classified as Residential Special Type - II.

How the guideline value of Angappa Pillai Lane has changed

Over the years, the guideline value for Angappa Pillai Lane has seen several revisions. The 2007 revision set the value at Rs 120 per sq.ft, which increased to Rs 225 per sq.ft in 2012. However, there was a decrease to Rs 151 per sq.ft in the 2017 revision. The most recent revisions in 2023 and 2024 both maintain the guideline value at Rs 226 per sq.ft, indicating no change between these two years. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 50%. Following this, the value remained unchanged from 2023 to 2024. Overall, from the 2007 revision to the current value in 2024, there has been an increase of 88%.

Guideline values in Zaminuthukuzhi

Zaminuthukuzhi village has 58 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 501 per sq.ft. The median value for these streets is Rs 226 per sq.ft, which is equal to the guideline value of Angappa Pillai Lane.

• Arafa Garden: Rs 226 per sq.ft (2024)
• Aranmanai Street: Rs 226 per sq.ft (2024)
• Arunthatiyar Street: Rs 200 per sq.ft (2024)
• Asariyar Street: Rs 226 per sq.ft (2024)
• Bangalaw Road: Rs 226 per sq.ft (2024)
• Bodipalayam Road: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Angappa Pillai Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total fees to Rs 20,340. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angappa Pillai Lane?

The Sub Registrar Office that covers Angappa Pillai Lane is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminuthukuzhi. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate taxes are paid based on the value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Angappa Pillai Lane?

The current guideline value of Angappa Pillai Lane is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 226 per sq.ft in both 2023 and 2024. It was Rs 151 per sq.ft in 2017 and Rs 225 per sq.ft in 2012.

What is the classification of land in Angappa Pillai Lane?

Angappa Pillai Lane is classified as Residential Special Type - II. This classification affects the guideline value and potential uses of the land.

Where can I find the Sub Registrar Office for Angappa Pillai Lane?

The Pollachi Sub Registrar Office covers Angappa Pillai Lane and is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for properties in Angappa Pillai Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 2,26,000 incurs a stamp duty of Rs 15,820 at 7%.