Guideline Value for Agraharam Ottrai Street

Agraharam Ottrai Street guideline value

The current guideline value of Agraharam Ottrai Street is Rs 335 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 1 village, under the Dharapuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Agraharam Ottrai Street has changed

The guideline value for Agraharam Ottrai Street has undergone several revisions over the years. Starting from Rs 62 per sq.ft in 2002, it increased to Rs 86 per sq.ft in 2003, marking a 39% rise. The value then saw a further increase to Rs 200 per sq.ft in 2012, which was a 133% jump from the previous figure. However, it decreased to Rs 134 per sq.ft in 2017, reflecting a decline of 33%. The guideline value then rose significantly to Rs 300 per sq.ft in 2023, an increase of 124%. The current value of Rs 335 per sq.ft from the 2024 revision represents a 12% increase from the previous year. Notably, there is no figure available for this street in the 2007 revision.

Guideline values in Dharapuram Ward 1

In Dharapuram Ward 1, there are 11 streets that carry a 2024 guideline value ranging from Rs 330 to Rs 440 per sq.ft, with the median value being Rs 335 per sq.ft. Agraharam Ottrai Street's current guideline value is equal to this median.

• Agraharam Erattai Street: Rs 335 per sq.ft (2024)
• Adhidravidar Street: Rs 330 per sq.ft (2024)
• Arasupallipalayam: Rs 335 per sq.ft (2024)
• Chokkanatha palayam: Rs 335 per sq.ft (2024)
• Dhasappalipalayam: Rs 330 per sq.ft (2024)
• Karur Road: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam Ottrai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value would be Rs 3,35,000. The stamp duty at 7% would amount to Rs 23,450, and the registration fee at 2% would be Rs 6,700. This brings the total cost for stamp duty and registration fees to Rs 30,150. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agraharam Ottrai Street?

The Agraharam Ottrai Street falls under the jurisdiction of the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Dharapuram Ward 1

The guideline value is a crucial factor when registering property transactions in Dharapuram Ward 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Agraharam Ottrai Street?

The current guideline value of Agraharam Ottrai Street is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 62 per sq.ft in 2002 to Rs 335 per sq.ft in 2024, marking an overall increase of 440% over the years.

What are the other streets in Dharapuram Ward 1 with their guideline values?

Other streets in Dharapuram Ward 1 include Agraharam Erattai Street, Adhidravidar Street, Arasupallipalayam, Chokkanatha palayam, and Dhasappalipalayam, with values ranging from Rs 330 to Rs 440 per sq.ft in 2024.

What fees are applicable when registering property in Agraharam Ottrai Street?

When registering property in Agraharam Ottrai Street, the applicable fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Agraharam Ottrai Street?

The Dharapuram Sub Registrar Office handles property registrations for Agraharam Ottrai Street, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.