Guideline Value for AZHAGUMUTHU GOUNDER STREET

Azhagumuthu Gounder Street guideline value

The current guideline value of Azhagumuthu Gounder Street is Rs 340 per sq.ft, effective from 1 July 2024. This street is located in Othakkalmandapam village, under the Kinathukkadavu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Azhagumuthu Gounder Street has changed

The guideline value for Azhagumuthu Gounder Street has seen several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, and as of the 2024 revision, it stands at Rs 340 per sq.ft, marking a 13% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 13%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that have a 2024 guideline value ranging from Rs 225 to Rs 1,010 per sq.ft, with a median value of Rs 560 per sq.ft. Azhagumuthu Gounder Street's 2024 guideline value is below this median.

• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Ayya Gounder Street: Rs 225 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)
• Bathrakaliyamman Koil St: Rs 340 per sq.ft (2024)
• Arijana Colony: Rs 560 per sq.ft (2024)
• Annamar Koil Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagumuthu Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, bringing the total cost for these fees to Rs 30,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azhagumuthu Gounder Street?

The Azhagumuthu Gounder Street falls under the jurisdiction of the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Othakkalmandapam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the registration department's guidelines.

Frequently asked questions

What is the current guideline value of Azhagumuthu Gounder Street?

The current guideline value of Azhagumuthu Gounder Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What are the other streets in Othakkalmandapam with similar guideline values?

Other streets in Othakkalmandapam with similar guideline values include Bajanai Koil Street, Barathiar Street, and Annamar Koil Street, all at Rs 340 per sq.ft in 2024.

What is the registration fee for property in Azhagumuthu Gounder Street?

The registration fee for property in Azhagumuthu Gounder Street is calculated based on the guideline value. For a plot valued at Rs 3,40,000, the registration fee would be Rs 6,800 at 2%.

Which office handles the registration for Azhagumuthu Gounder Street?

The registration for Azhagumuthu Gounder Street is handled by the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.