Guideline Value for Almelu Mangamal Ammal Lauout 1 & 2

Almelu Mangamal Ammal Lauout 1 & 2 guideline value

The current guideline value for Almelu Mangamal Ammal Lauout 1 & 2 is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Class II Type - I.

How the guideline value of Almelu Mangamal Ammal Lauout 1 & 2 has changed

The guideline value for Almelu Mangamal Ammal Lauout 1 & 2 has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 400 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, but then dropped to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023 and has now reached Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Specifically, the changes between revisions are as follows: from 2007 to 2012, there was a substantial increase of 200%; however, from 2012 to 2017, the value decreased by 33%. The jump from 2017 to 2023 was notable, with a 49% increase, leading to the current guideline value of Rs 1,320 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value for Almelu Mangamal Ammal Lauout 1 & 2 is below this median.

• Akastin Pattai: Rs 1,320 per sq.ft (2024)
• Ammankulam North Street: Rs 1,760 per sq.ft (2024)
• Ammankulam Road: Rs 2,200 per sq.ft (2024)
• Ammankulam South Street 1 & 2: Rs 1,760 per sq.ft (2024)
• Amman Nagar: Rs 1,320 per sq.ft (2024)
• Andhoniyar Kovil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Almelu Mangamal Ammal Lauout 1 & 2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Almelu Mangamal Ammal Lauout 1 & 2?

The Sub Registrar Office that covers Almelu Mangamal Ammal Lauout 1 & 2 is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor during property transactions in Ward 10, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to assess the applicable fees. This ensures that all transactions are transparent and adhere to the standards set by the Registration Department.

Frequently asked questions

What is the current guideline value for Almelu Mangamal Ammal Lauout 1 & 2?

The current guideline value for Almelu Mangamal Ammal Lauout 1 & 2 is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 400 per sq.ft in 2007, rising to Rs 1,200 per sq.ft in 2012, dropping to Rs 804 per sq.ft in 2017, and increasing to Rs 1,320 per sq.ft in 2024.

What is the stamp duty for properties in Almelu Mangamal Ammal Lauout 1 & 2?

The stamp duty for properties in Almelu Mangamal Ammal Lauout 1 & 2 is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 92,400.

Which office handles registrations for this area?

The Peelamedu Sub Registrar Office handles registrations for Almelu Mangamal Ammal Lauout 1 & 2. It is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Almelu Mangamal Ammal Lauout 1 & 2?

The land classification for Almelu Mangamal Ammal Lauout 1 & 2 is Residential Class II Type - I, indicating its suitability for residential purposes.