Guideline Value for Akash Homes (Kallimadai0

Akash Homes (Kallimadai0 guideline value

The current guideline value of Akash Homes (Kallimadai0 is Rs 1,680 per sq.ft, effective from 1 July 2024. This property is located in Uppilipalayam village, under the Singanallur SRO, and is classified as Residential Special Type - III.

How the guideline value of Akash Homes (Kallimadai0 has changed

The guideline value for Akash Homes (Kallimadai0 has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,680 per sq.ft, marking a significant increase of 12% from the previous year.

From the 2017 revision to the 2023 revision, the guideline value saw a substantial increase of 49%. However, the 2012 to 2017 period experienced a decrease of 33%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing Akash Homes (Kallimadai0 above the median.

• A.K.G.Nagar: Rs 1,680 per sq.ft (2024)
• Ahuja Haven: Rs 2,016 per sq.ft (2024)
• Agraharam South: Rs 1,680 per sq.ft (2024)
• Agathiar nagar / Street: Rs 1,680 per sq.ft (2024)
• Aerodrom Rd Bharthi nagar: Rs 1,120 per sq.ft (2024)
• Aerodrome Road (SIHS Colony): Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Akash Homes (Kallimadai0

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, totaling Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akash Homes (Kallimadai0?

The Sub Registrar Office covering Akash Homes (Kallimadai0 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Akash Homes (Kallimadai0?

The current guideline value for Akash Homes (Kallimadai0 is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,680 per sq.ft in 2024.

What is the land classification for Akash Homes (Kallimadai0?

Akash Homes (Kallimadai0 is classified as Residential Special Type - III.

Where can I find the registration office for Akash Homes (Kallimadai0?

The registration office for Akash Homes (Kallimadai0 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Akash Homes (Kallimadai0?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,80,000 would incur a stamp duty of Rs 1,17,600.