Guideline Value for Agrahara South Street

Agrahara South Street guideline value

The current guideline value of Agrahara South Street is Rs 600 per sq.ft. 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 South Street has changed

Since the year 2002, the guideline value for Agrahara South Street has seen significant changes. In 2002, the value was Rs 85 per sq.ft, which increased to Rs 96 per sq.ft in 2003, marking a change of +13%. The value then rose dramatically to Rs 255 per sq.ft in 2007, representing an increase of +166%. By 2012, the value reached Rs 600 per sq.ft, showing a substantial increase of +135%. However, it dropped back to Rs 402 per sq.ft in 2017, reflecting a decrease of -33%. The value remained at Rs 600 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

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 above.

Guideline values in Mettupalayam

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

• Agrahara North Street: Rs 600 per sq.ft (2024)
• Agrahara Street: Rs 600 per sq.ft (2024)
• Agrahara New 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 South Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agrahara South Street?

The Sub Registrar Office that covers Agrahara South 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 additional information.

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. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value serves as a benchmark to ensure that the property is valued appropriately for taxation purposes. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Agrahara South Street?

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

What is the median guideline value for streets in Mettupalayam?

The median guideline value for streets in Mettupalayam is Rs 700 per sq.ft, with Agrahara South Street's value being below this median.

What are the stamp duty and registration fees for properties in Agrahara South 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.

Which office handles property registrations for Agrahara South Street?

The Mettupalayam Sub Registrar Office handles property registrations for Agrahara South Street, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.