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 - C 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. In 2003, the value was Rs 94 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012. However, this figure dropped by 33% to Rs 234 per sq.ft in 2017. Following this, the value rose sharply to Rs 350 per sq.ft in 2023, and most recently, it increased by 9% to Rs 380 per sq.ft in 2024.

There are no figures available for Angappan Lane in the revisions for 2002 and 2007. Overall, from 2003 to 2024, the guideline value has increased by 304%.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO, with guideline values ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 475 per sq.ft, indicating that Angappan Lane's 2024 figure is below this median.

• Appavu Rowthar Street: Rs 475 per sq.ft (2024)
• Appukutti Lane: Rs 380 per sq.ft (2024)
• Amanalinga Street: Rs 475 per sq.ft (2024)
• Amanalinga Nadar Street: Rs 475 per sq.ft (2024)
• Arulmozhi Lane: Rs 660 per sq.ft (2024)
• Agathiar Lane: Rs 380 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 would be Rs 3,80,000. The stamp duty at 7% would amount to Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total fees to Rs 34,200. Please 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 Angappan Lane?

The Sub Registrar Office covering 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 - C

The guideline value is a crucial factor during the registration of property transactions in Ward - C. It is used to calculate the stamp duty and registration fees, which are mandatory for any property transfer in the area.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it reflects the government's assessment of property worth in that locality. This helps maintain transparency and consistency in property dealings.

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 for Angappan Lane has changed from Rs 94 per sq.ft in 2003 to Rs 380 per sq.ft in 2024, marking an overall increase of 304% over the years.

What are the stamp duty and registration fees for properties in Angappan Lane?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 34,200, calculated based on the guideline value of Rs 3,80,000.

Which Sub Registrar Office covers Angappan Lane?

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

What is the land classification for Angappan Lane?

Angappan Lane is classified as Residential Class V Type - I, indicating its suitability for residential development.