Guideline Value for ANGAPPAN LANE

Angappan Lane guideline value

The current guideline value of Angappan Lane is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - E village under the Udumalpettai SRO and is classified as Residential Class V Type - I.

How the guideline value of Angappan Lane has changed

The guideline value for Angappan Lane has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in the 2017 revision. Following this, the value increased significantly by 50% to Rs 350 per sq.ft in 2023, and most recently, it rose by 9% to the current value of Rs 380 per sq.ft in the 2024 revision.

There are also years where the register has no figure for this street, specifically 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Ward - E

In Ward - E, there are 49 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 1,350 per sq.ft, with a median value of Rs 500 per sq.ft. Angappan Lane's 2024 guideline value is below this median.

• Annapoorani Layout: Rs 700 per sq.ft (2024)
• Ameer Lay Out: Rs 500 per sq.ft (2024)
• Amanalinga Lay Out: Rs 660 per sq.ft (2024)
• Balaji Nagar: Rs 380 per sq.ft (2024)
• Chairman Ramasamy Nagar: Rs 500 per sq.ft (2024)
• Chinnasamy Layout: Rs 775 per sq.ft (2024)

Stamp duty and registration fee for property in Angappan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total 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, bringing the total cost for these fees to 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 precise calculations based on your property details.

Which Sub Registrar Office covers Angappan Lane?

The Sub Registrar Office that covers Angappan Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ward - E. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to understand that the guideline value may influence the sale price. If the sale price is higher than the guideline value, the stamp duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Angappan Lane?

The current guideline value of Angappan Lane 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 is the land classification of Angappan Lane?

Angappan Lane is classified as Residential Class V Type - I.

What are the other streets in Ward - E?

Other streets in Ward - E include Annapoorani Layout, Ameer Lay Out, Amanalinga Lay Out, Balaji Nagar, Chairman Ramasamy Nagar, and Chinnasamy Layout, each with their respective guideline values for 2024.

Where can I find the Sub Registrar Office for Angappan Lane?

The Sub Registrar Office covering Angappan Lane is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.