Guideline Value for Agathiar veethy

Agathiar veethy guideline value

The current guideline value of Agathiar veethy is Rs 495 per sq.ft, effective from 1 July 2024. This street is located in Ottarpalayam village, which falls under the Singanallur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Agathiar veethy has changed

The guideline value for Agathiar veethy has seen significant changes over the years. In the 2007 revision, the value was Rs 50 per sq.ft, which increased dramatically to Rs 450 per sq.ft in 2012, marking an increase of 800%. However, it then decreased to Rs 301 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 450 per sq.ft in 2023, and currently stands at Rs 495 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Additionally, from 2017 to 2023, the guideline value increased by 50%. Overall, from 2007 to 2024, the guideline value has increased by 890%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ottarpalayam

In Ottarpalayam village, there are 92 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft. The median guideline value is Rs 495 per sq.ft, which is equal to the current figure for Agathiar veethy.

• Agathiyar Nagar: Rs 385 per sq.ft (2024)
• Aadhini Avenue: Rs 825 per sq.ft (2024)
• Anagadevar Street: Rs 385 per sq.ft (2024)
• Andal Nagar: Rs 405 per sq.ft (2024)
• Angappan veethy: Rs 385 per sq.ft (2024)
• Arul Murugan Nagar (382): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Agathiar veethy

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value amounts to Rs 4,95,000. The stamp duty is charged at 7%, resulting in Rs 34,650, while the registration fee at 2% amounts to Rs 9,900. Therefore, the total cost for stamp duty and registration fee would be Rs 44,550. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agathiar veethy?

The Sub Registrar Office that covers Agathiar veethy is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ottarpalayam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer and seller must refer to the guideline value to determine the applicable fees. This value helps in establishing a fair basis for the transaction and is essential for completing the registration process at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Agathiar veethy?

The current guideline value of Agathiar veethy is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value of Agathiar veethy changed over the years?

The guideline value has changed significantly, from Rs 50 per sq.ft in 2007 to Rs 495 per sq.ft in 2024, reflecting an overall increase of 890% over this period.

What is the land classification for Agathiar veethy?

The land classification for Agathiar veethy is Mixed Type - I, which indicates the type of usage permitted in this area.

Where can I find the Sub Registrar Office for Agathiar veethy?

The Sub Registrar Office for Agathiar veethy is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Agathiar veethy?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,95,000, the stamp duty at 7% would be Rs 34,650.