Guideline Value for Agrahara North Street

Agrahara North Street guideline value

The current guideline value of Agrahara North 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 North Street has changed

The guideline value for Agrahara North Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 85 per sq.ft. It increased to Rs 96 per sq.ft in 2003, marking a change of +13%. The value continued to rise significantly, reaching Rs 255 per sq.ft in 2007, which was a +166% increase. In 2012, the value remained at Rs 600 per sq.ft, reflecting a decrease of -33% from the previous revision. The 2017 revision saw another increase to Rs 402 per sq.ft, which was a +49% change. The guideline value remained at Rs 600 per sq.ft in the 2023 revision and has not changed for the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by +606%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Mettupalayam

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

• Agrahara New 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 North 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, while the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Agrahara North Street?

The Sub Registrar Office that covers Agrahara North Street is 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 property transactions in Mettupalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

When a property is sold, the seller must ensure that the sale price is at least equal to the guideline value to avoid any issues during the registration process. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Agrahara North Street?

The current guideline value of Agrahara North 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 changed from Rs 85 per sq.ft in 2002 to Rs 600 per sq.ft in 2024, reflecting an overall increase of +606% over the years.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

Which office handles property registrations in Mettupalayam?

The Mettupalayam Sub Registrar Office handles property registrations for Agrahara North Street, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand.

What is the significance of the guideline value in property transactions?

The guideline value establishes the minimum price for property registration and is used to calculate the applicable stamp duty and registration fees during a sale.