Guideline Value for AZHAGHU SUNDARAM NAGAR

Azhaghu Sundaram Nagar guideline value

The current guideline value of Azhaghu Sundaram Nagar is Rs 420 per sq.ft, effective from 1 July 2024. This area is located in T.Kottampatti village under the Pollachi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Azhaghu Sundaram Nagar has changed

In the 2012 revision, the guideline value was Rs 420 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 281 per sq.ft. The 2023 revision saw the value return to Rs 420 per sq.ft, which was maintained in the 2024 revision, showing no percentage change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained at Rs 420 per sq.ft.

Between the revisions, there was a significant change from 2017 to 2023, with an increase of 49%. The 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in T.Kottampatti

T.Kottampatti has a total of 84 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,060 per sq.ft. The median value is Rs 420 per sq.ft, which is equal to the 2024 guideline value of Azhaghu Sundaram Nagar.

• Balaji Nagar: Rs 420 per sq.ft (2024)
• Aswin Avenue: Rs 675 per sq.ft (2024)
• Anna Nagar (Slum): Rs 301 per sq.ft (2024)
• Anna Colony (Puram): Rs 301 per sq.ft (2024)
• Anna Colony (Indra Nagar-Puram): Rs 301 per sq.ft (2024)
• Devi Garden Extn: Rs 420 per sq.ft (2024)

Stamp duty and registration fee for property in Azhaghu Sundaram Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,20,000. The stamp duty at 7% would be Rs 29,400, and the registration fee at 2% would be Rs 8,400, totaling Rs 37,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azhaghu Sundaram Nagar?

The Azhaghu Sundaram Nagar area is covered by 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 further assistance.

How the guideline value is used when you buy or sell in T.Kottampatti

The guideline value is a crucial factor in property transactions in T.Kottampatti. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area. The guideline value helps ensure that the transaction reflects the official valuation of the property.

When registering a property, buyers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate taxes based on the property's value as determined by the guideline register.

Frequently asked questions

What is the current guideline value of Azhaghu Sundaram Nagar?

The current guideline value of Azhaghu Sundaram Nagar is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 420 per sq.ft in 2012, 2023, and 2024. However, it dropped to Rs 281 per sq.ft in 2017 and saw a significant increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for properties in Azhaghu Sundaram Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 37,800.

Which office handles property registrations for Azhaghu Sundaram Nagar?

The Pollachi Sub Registrar Office handles property registrations for Azhaghu Sundaram Nagar, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is valued correctly for taxation purposes, based on official valuations.