Guideline Value for Agamudaiyar Lane

Agamudaiyar Lane guideline value

The current guideline value of Agamudaiyar Lane in Ramanathapuram village, under the Peelamedu SRO, is Rs 1,005 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - II land classification.

How the guideline value of Agamudaiyar Lane has changed

Since the register's first entry in 2002, the guideline value for Agamudaiyar Lane has seen several revisions. The value started at Rs 192 per sq.ft in 2002 and increased to Rs 211 per sq.ft in 2003. Following this, the value rose to Rs 225 per sq.ft in 2007, then to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,005 per sq.ft in 2024. The overall increase from 2002 to 2024 is 423%.

Examining the changes between revisions, from 2002 to 2003, there was a 10% increase. The value rose by 7% from 2003 to 2007. The period from 2007 to 2012 saw a decrease of 33%. However, from 2012 to 2017, the value increased by 167%. A significant rise of 149% occurred between 2017 and 2023, followed by a modest increase of 1% from 2023 to 2024.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Agamudaiyar Lane is below this median.

• Abirami Nagar: Rs 1,700 per sq.ft (2024)
• Anandam Nagar: Rs 1,010 per sq.ft (2024)
• Angannan Site: Rs 1,025 per sq.ft (2024)
• Angannan Thevar Layout: Rs 1,025 per sq.ft (2024)
• Annai Sathya Housing Society Layout (Or) Nagar: Rs 1,005 per sq.ft (2024)
• Annamadam Lane: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Agamudaiyar Lane

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total fees to Rs 90,450. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Agamudaiyar Lane?

The Sub Registrar Office that covers Agamudaiyar Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramanathapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agamudaiyar Lane?

The current guideline value of Agamudaiyar Lane is Rs 1,005 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 192 per sq.ft in 2002 to Rs 1,005 per sq.ft in 2024, marking an overall increase of 423% over the years.

What are the stamp duty and registration fees for property in Agamudaiyar Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,05,000. The stamp duty would be Rs 70,350, and the registration fee would be Rs 20,100, totaling Rs 90,450.

Which Sub Registrar Office covers Agamudaiyar Lane?

The Peelamedu Sub Registrar Office covers Agamudaiyar Lane, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the guideline value determined for properties in Ramanathapuram?

The guideline value for properties in Ramanathapuram is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values.