Guideline Value for Agrahara New Street

Agrahara New Street guideline value

The current guideline value of Agrahara New Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Agrahara New Street has changed

Over the years, the guideline value of Agrahara New Street has seen several revisions. In the 2002 revision, the value was Rs 85 per sq.ft, which increased to Rs 96 per sq.ft in 2003. The value then rose significantly to Rs 255 per sq.ft in 2007, followed by a jump to Rs 600 per sq.ft in 2012. This figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. The value then returned to Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

The changes between these revisions highlight the fluctuations in the guideline value. From 2002 to 2003, the increase was +13%. The value then surged by +166% from 2003 to 2007. Following that, there was a substantial increase of +135% from 2007 to 2012. However, from 2012 to 2017, the value decreased by -33%. The increase from 2017 to 2023 was +49%, and overall, from 2002 to 2024, the guideline value has risen by +606%.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 700 per sq.ft, indicating that Agrahara New Street's 2024 figure is below this median.

• Agrahara North Street: Rs 600 per sq.ft (2024)
• Agrahara South Street: Rs 600 per sq.ft (2024)
• Agrahara Street: Rs 600 per sq.ft (2024)
• Ambethkar Street 1 (Pallar Street 1): Rs 600 per sq.ft (2024)
• Ambethkar Street 2 (Pallar Street 2): Rs 600 per sq.ft (2024)
• Amman Kovil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Agrahara New Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agrahara New Street?

The Agrahara New Street falls under the jurisdiction of the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Agrahara New Street?

The current guideline value of Agrahara New Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. The value was Rs 402 per sq.ft in 2017, and Rs 600 per sq.ft in 2012.

What is the registration office for Agrahara New Street?

The registration office for Agrahara New Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in Agrahara New Street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

How does the guideline value impact property transactions?

The guideline value is used to determine the minimum registration value for property transactions in Mettupalayam. It plays a crucial role in calculating stamp duty and registration fees, ensuring that all transactions are conducted based on established values.