Guideline Value for Agrahara Street

Agrahara Street guideline value

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

How the guideline value of Agrahara Street has changed

The guideline value for Agrahara Street has undergone several revisions over the years. In 2002, the value was Rs 64 per sq.ft, which increased to Rs 72 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose significantly to Rs 255 per sq.ft, reflecting an increase of +254%. The 2012 revision saw a decrease to Rs 600 per sq.ft, which remained unchanged until 2017. The 2017 revision recorded a value of Rs 402 per sq.ft, indicating a decline of -33%. The value then returned to Rs 600 per sq.ft in 2023, and has remained the same in the 2024 revision.

From the 2017 revision to 2023, there was an increase of +49%. Overall, from 2002 to 2024, the guideline value has increased by +838%. There are no figures available for the revisions in the years not listed above.

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, placing Agrahara Street's 2024 value below this median.

• Agrahara South Street: Rs 600 per sq.ft (2024)
• Agrahara North 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 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 be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agrahara Street?

The Agrahara Street falls under 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 information.

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

The guideline value is a crucial factor in property transactions in Mettupalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership.

It is important to note that the guideline value may differ from the actual sale price of the property. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Agrahara Street?

The current guideline value of Agrahara 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 significant increase occurring from 2002 to 2024, where it rose by +838% from Rs 64 to Rs 600 per sq.ft.

What is the stamp duty rate for properties on Agrahara Street?

The stamp duty rate for properties in Agrahara Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Agrahara Street located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What are the guideline values of other streets in Mettupalayam?

Other streets in Mettupalayam have a guideline value of Rs 600 per sq.ft as well, including Agrahara South Street, Agrahara North Street, Agrahara New Street, Ambethkar Street 1, Ambethkar Street 2, and Amman Kovil Street.