Guideline Value for Akrakaram perumal koil Street (318/50)

Akrakaram perumal koil Street (318/50) guideline value

The current guideline value of Akrakaram perumal koil Street (318/50) is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Akrakaram perumal koil Street (318/50) has changed

The guideline value for Akrakaram perumal koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,120 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The changes between the revisions show a significant increase of 49% from 2017 to 2023, while the value dropped by 33% from 2012 to 2017. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, which is the same as the current value for Akrakaram perumal koil Street (318/50).

• Akrakaram kudiirupu west (317/7): Rs 1,120 per sq.ft (2024)
• Akrakaram Kudiirupu East (317/2): Rs 1,120 per sq.ft (2024)
• Agrakaram (Erattai St): Rs 1,120 per sq.ft (2024)
• Agraharam Street South: Rs 1,120 per sq.ft (2024)
• Aghrakaram Street North (61/1A): Rs 1,120 per sq.ft (2024)
• Amar jothi nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Akrakaram perumal koil Street (318/50)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total cost for these fees to Rs 1,00,800. 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 Akrakaram perumal koil Street (318/50)?

The Sub Registrar Office that covers Akrakaram perumal koil Street (318/50) is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. To find your SRO, you can find your SRO here.

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

The guideline value is a crucial factor when buying or selling property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is registered, the guideline value is used to assess the fees based on the property's value. This ensures that both parties are aware of the financial obligations involved in the transaction, making it an essential aspect of property dealings in the area.

Frequently asked questions

What is the current guideline value of Akrakaram perumal koil Street (318/50)?

The current guideline value of Akrakaram perumal koil Street (318/50) is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024. This represents a 12% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

What is the land classification of Akrakaram perumal koil Street (318/50)?

Akrakaram perumal koil Street (318/50) is classified as Residential Class I Type - I. This classification is important for determining the permissible use of the land.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. This office handles registrations for properties in the Singanallur area.

How is stamp duty calculated for properties in Akrakaram perumal koil Street (318/50)?

Stamp duty for properties in Akrakaram perumal koil Street (318/50) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.