Guideline Value for Ammasai Mudhaliar Lane

Ammasai Mudhaliar Lane guideline value

The current guideline value of Ammasai Mudhaliar Lane is Rs 440 per sq.ft, effective from 1 July 2024. This lane is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ammasai Mudhaliar Lane has changed

The guideline value for Ammasai Mudhaliar Lane has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 400 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 268 per sq.ft. However, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise from 2017. The most recent revision in 2024 has set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Ammasai Mudhaliar Lane in the years 2002, 2003, and 2007. This means that the changes in guideline value have been documented only from 2012 onwards, showcasing a notable fluctuation in the values over the years.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, positioning Ammasai Mudhaliar Lane's 2024 value below this median.

• Anbu Nagar: Rs 660 per sq.ft (2024)
• Ambedkar Nagar (Ward 4): Rs 340 per sq.ft (2024)
• Andiappagowder Street: Rs 440 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)
• Anna Mudhaliyar Street (Ward 17): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Ammasai Mudhaliar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total fees together Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ammasai Mudhaliar Lane?

The Sub Registrar Office that covers Ammasai Mudhaliar Lane is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karamadai. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded accurately for taxation purposes.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the actual sale price, whichever is higher, ensuring that the government receives its due taxes from property transactions.

Frequently asked questions

What is the current guideline value of Ammasai Mudhaliar Lane?

The current guideline value of Ammasai Mudhaliar Lane is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Ammasai Mudhaliar Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, with the stamp duty at Rs 30,800 and the registration fee at Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers this area?

The Mettupalayam Sub Registrar Office covers Ammasai Mudhaliar Lane, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301.

What is the land classification of Ammasai Mudhaliar Lane?

Ammasai Mudhaliar Lane is classified as Residential Class IV Type - I.