Guideline Value for Akkammal lay out

Akkammal lay out guideline value

The current guideline value of Akkammal lay out in Villankuruchi village is Rs 1,008 per sq.ft, effective from 1 July 2024. This property falls under the Ganapathy SRO and is classified as Residential Class I Type - II.

How the guideline value of Akkammal lay out has changed

The guideline value for Akkammal lay out has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 125 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 380% rise. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, reflecting a 149% increase. The latest revision in 2024 sets the guideline value at Rs 1,008 per sq.ft, a 1% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 706%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median value is Rs 1,008 per sq.ft, which is equal to the current guideline value of Akkammal lay out.

• Ambal Nagar: Rs 1,008 per sq.ft (2024)
• Ambethkhar Nagar: Rs 1,005 per sq.ft (2024)
• Abinaya Gardens: Rs 1,680 per sq.ft (2024)
• A M D Nagar: Rs 1,006 per sq.ft (2024)
• Aadharsh Garden: Rs 1,010 per sq.ft (2024)
• Amman Nagar Peace-1,2,3,4: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Akkammal lay out

For a 1,000 sq.ft plot at the current rate of Rs 1,008 per sq.ft, the guideline value totals Rs 10,08,000. The stamp duty at 7% amounts to Rs 70,560, while the registration fee at 2% is Rs 20,160, leading to a total of Rs 90,720. 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 Akkammal lay out?

The Akkammal lay out is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Villankuruchi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected charges during the registration process.

Frequently asked questions

What is the current guideline value of Akkammal lay out?

The current guideline value of Akkammal lay out is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,008 per sq.ft in 2024, reflecting an overall increase of 706% over the years.

What are the stamp duty and registration fees for a property in Akkammal lay out?

For a 1,000 sq.ft plot, the stamp duty is Rs 70,560 and the registration fee is Rs 20,160, totaling Rs 90,720 based on the current guideline value.

Which office handles property registrations in Akkammal lay out?

The Ganapathy Sub Registrar Office handles property registrations for Akkammal lay out, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

What is the land classification for Akkammal lay out?

Akkammal lay out is classified as Residential Class I Type - II.