Guideline Value for ATHANUR AMMANKOVIL STREET

Athanur Ammankovil Street guideline value

The current guideline value of Athanur Ammankovil Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Athanur Ammankovil Street has changed

The guideline value of Athanur Ammankovil Street has seen several revisions over the years. In 2007, the value was set at Rs 700 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012, marking a significant rise of 79%. However, between 2012 and 2017, the value decreased to Rs 837 per sq.ft, reflecting a drop of 33%. The 2017 revision brought the value up to Rs 1,250 per sq.ft in 2023, with a notable increase of 49%. The most recent revision in 2024 has further raised the guideline value to Rs 1,400 per sq.ft, an increase of 12% from the previous year.

It is important to note that the guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that have a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Athanur Ammankovil Street's 2024 value above this median.

• Athipalayam Road: Rs 2,240 per sq.ft (2024)
• A.Ssubramaniam Nagar.: Rs 1,400 per sq.ft (2024)
• Ashok Nagar.M.K.P.Colony 1.2.3 Cross: Rs 1,120 per sq.ft (2024)
• Ashok Nagar: Rs 1,010 per sq.ft (2024)
• Avarampalayam Main Road: Rs 2,240 per sq.ft (2024)
• Arunthathi Colony,Kamarajar Puram: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Athanur Ammankovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, together totaling Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athanur Ammankovil Street?

The Sub Registrar Office that covers Athanur Ammankovil Street is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Ganapathy. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications involved in the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Athanur Ammankovil Street?

The current guideline value of Athanur Ammankovil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting a total increase of 100% over the years.

What is the land classification for Athanur Ammankovil Street?

Athanur Ammankovil Street is classified as Residential Class I Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 14,00,000, the total fees would amount to Rs 1,26,000.