Guideline Value for Akrakara Street 271

Akrakara Street 271 guideline value

The current guideline value of Akrakara Street 271 is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Periyakodiveri village, under the Thookanaicken Palayam SRO, classified as Residential Class III Type - V.

How the guideline value of Akrakara Street 271 has changed

The guideline value for Akrakara Street 271 has seen several revisions over the years. In 2003, the value was Rs 55 per sq.ft, which increased to Rs 65 per sq.ft in 2007. The 2012 revision marked a significant rise to Rs 190 per sq.ft, followed by a decrease to Rs 127 per sq.ft in 2017. The value then remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions.

From 2017 to 2023, there was an increase of 57%, while the change from 2012 to 2017 was a decrease of 33%. The 2007 to 2012 period saw a substantial increase of 192%, and from 2003 to 2007, the value rose by 18%. Overall, from 2003 to 2024, the guideline value has increased by 264%. The register has no figure for this street in 2002.

Guideline values in Periyakodiveri

In Periyakodiveri village, there are 19 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 225 per sq.ft, with a median of Rs 200 per sq.ft. Akrakara Street 271's 2024 figure is equal to this median.

• Ayyar Street 31: Rs 200 per sq.ft (2024)
• Bharathi Street 126 (1TO43): Rs 200 per sq.ft (2024)
• Devantharan Street 91 (5): Rs 200 per sq.ft (2024)
• Kallipatti Street (251/1,3): Rs 200 per sq.ft (2024)
• Kamarajar Street 126/1 to 43, 129/1 to 13, 262: Rs 200 per sq.ft (2024)
• Mariamman Koil Street (148/1,3,4, 232): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Akrakara Street 271

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akrakara Street 271?

Akrakara Street 271 falls under the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Periyakodiveri. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is essential to consider the guideline value as it affects the stamp duty and registration fees payable. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Akrakara Street 271?

The current guideline value of Akrakara Street 271 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 55 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, showing an overall increase of 264% over the years.

What is the land classification of Akrakara Street 271?

Akrakara Street 271 is classified as Residential Class III Type - V, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Akrakara Street 271?

The Sub Registrar Office covering Akrakara Street 271 is the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone.

How is the stamp duty calculated for properties in Akrakara Street 271?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. The total cost is based on the higher of the guideline value or the sale price.