Guideline Value for Agathiyar Nagar

Agathiyar Nagar guideline value

The current guideline value of Agathiyar Nagar in Ottarpalayam village is Rs 385 per sq.ft, effective from 1 July 2024. This area falls under the Singanallur SRO and is classified as Residential Class II Type - I.

How the guideline value of Agathiyar Nagar has changed

The guideline value for Agathiyar Nagar has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012, marking a 600% increase. However, this value then decreased to Rs 234 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 350 per sq.ft in 2023, followed by a further increase to Rs 385 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 670%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Ottarpalayam

In Ottarpalayam, 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 in the village is Rs 495 per sq.ft, positioning Agathiyar Nagar below this median.

• Agathiar veethy: Rs 495 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 Agathiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total cost for these fees to Rs 34,650. It's important to note that the 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 further calculations.

Which Sub Registrar Office covers Agathiyar Nagar?

The Sub Registrar Office that covers Agathiyar Nagar 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 property transactions within Ottarpalayam. It serves as a reference point for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In such cases, the stamp duty is charged based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agathiyar Nagar?

The current guideline value of Agathiyar Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 670% over the years.

What is the median guideline value in Ottarpalayam?

The median guideline value in Ottarpalayam is Rs 495 per sq.ft, with Agathiyar Nagar's current value being below this median.

What are the stamp duty and registration fees for Agathiyar Nagar?

For a property valued at Rs 3,85,000, the stamp duty would be Rs 26,950 and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which office handles property registrations for Agathiyar Nagar?

The Singanallur Sub Registrar Office is responsible for property registrations in Agathiyar Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.