Guideline Value for Agrakaram street

Agrakaram street guideline value

The current guideline value of Agrakaram street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO and is classified as Residential Class II Type - I.

How the guideline value of Agrakaram street has changed

The guideline value for Agrakaram street has seen significant changes over the years. In the 2017 revision, the value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft. The median value for these streets is Rs 440 per sq.ft, and Agrakaram street's 2024 value of Rs 550 per sq.ft is above this median.

• A.G. pudur to Ravathur road: Rs 220 per sq.ft (2024)
• A.G. Pudhur Road & I O B Colony: Rs 440 per sq.ft (2024)
• A B K nagar: Rs 440 per sq.ft (2024)
• Allwyn Nagar: Rs 510 per sq.ft (2024)
• Amarar ramasamy goundar veethy: Rs 550 per sq.ft (2024)
• Amarar Ramasamy Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Agrakaram street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total costs together to Rs 49,500. 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 Agrakaram street?

Agrakaram street falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Irugur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value that reflects the current market conditions as established by the Registration Department.

When selling property, the guideline value helps in setting a baseline for the sale price and ensures that the transaction complies with legal requirements. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Agrakaram street?

The current guideline value of Agrakaram street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and now to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Agrakaram street?

Agrakaram street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Agrakaram street?

The Singanallur Sub Registrar Office covers Agrakaram street and is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Agrakaram street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.