Guideline Value for Akkammal Kovil Street

Akkammal Kovil Street guideline value

The current guideline value of Akkammal Kovil Street in Idikarai village is Rs 200 per sq.ft, as per the 2023 revision. This street falls under the Periyanayakkan Palayam SRO and is classified as Residential Class II Type - I.

How the guideline value of Akkammal Kovil Street has changed

The guideline value of Akkammal Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 170 per sq.ft, which then decreased to Rs 114 per sq.ft in the 2017 revision. This marked a decline of 33%. However, the value saw a significant increase in the 2023 revision, rising to Rs 200 per sq.ft, which is an increase of 75% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has increased by 18%. It is important to note that there are no figures available for the 2002, 2003, 2007, and 2024 revisions for this street.

Guideline values in Idikarai

Currently, there are no specific village figures available for Idikarai. Akkammal Kovil Street is one of the streets under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Akkammal Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akkammal Kovil Street?

The Akkammal Kovil Street is covered by the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. To find your SRO, click here.

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

The guideline value is an essential factor during property registration in Idikarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value will be used to calculate the duties, ensuring that the transaction complies with the regulations set by the Registration Department. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Akkammal Kovil Street?

The current guideline value of Akkammal Kovil Street is Rs 200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 170 per sq.ft in 2012 to Rs 114 per sq.ft in 2017, and then increased to Rs 200 per sq.ft in 2023. This represents a significant increase of 75% from 2017 to 2023.

What is the land classification for Akkammal Kovil Street?

Akkammal Kovil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Akkammal Kovil Street located?

The Sub Registrar Office covering Akkammal Kovil Street is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total of Rs 18,000 in fees.