Guideline Value for Aathi Thirvadar Street (215/2)

Aathi Thirvadar Street (215/2) guideline value

The current guideline value for Aathi Thirvadar Street (215/2) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Ariyappampalayam village and falls under the Sathyamangalam SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Aathi Thirvadar Street (215/2) has changed

The guideline value for Aathi Thirvadar Street (215/2) has seen various revisions over the years. In 2003, the value was Rs 25 per sq.ft, which increased to Rs 32 per sq.ft in 2007. Following that, the value surged to Rs 200 per sq.ft in 2012, before dropping to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the latest revision in 2024 also keeps it at Rs 200 per sq.ft. The register has no figure for the year 2002 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the value dropped by 33% from 2012 to 2017. The remarkable rise of 525% from 2007 to 2012 reflects a substantial change. Overall, from 2003 to 2024, the guideline value has increased by 700%.

Guideline values in Ariyappampalayam

Ariyappampalayam village has a total of 37 streets under the Sathyamangalam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 375 per sq.ft. Aathi Thirvadar Street (215/2) is below this median.

• Anna Street (233/1, 233/2, 233/3): Rs 200 per sq.ft (2024)
• Anna Street (4): Rs 200 per sq.ft (2024)
• Bhavani River Street (215/2,3,4,5,6,7, 1 To 20,21,22): Rs 200 per sq.ft (2024)
• Eswar Street (217/4): Rs 200 per sq.ft (2024)
• Gandhi Street Kamatchi Amman Kovil Street(127/1): Rs 300 per sq.ft (2024)
• Kaliyaerase Street (215/2): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aathi Thirvadar Street (215/2)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 further calculations.

Which Sub Registrar Office covers Aathi Thirvadar Street (215/2)?

The Sub Registrar Office that covers Aathi Thirvadar Street (215/2) is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ariyappampalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value as it influences the overall cost of the transaction. It is crucial to ensure that the sale price meets or exceeds the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Aathi Thirvadar Street (215/2)?

The current guideline value of Aathi Thirvadar Street (215/2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 25 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, with various revisions in between. The most notable increase was from Rs 32 per sq.ft in 2007 to Rs 200 per sq.ft in 2012.

What is the land classification for Aathi Thirvadar Street (215/2)?

Aathi Thirvadar Street (215/2) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Aathi Thirvadar Street (215/2)?

The Sathyamangalam Sub Registrar Office handles property registrations for Aathi Thirvadar Street (215/2). It is located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone.