Guideline Value for Andal Ammal Layout

Andal Ammal Layout guideline value

The current guideline value of Andal Ammal Layout in Uppilipalayam village, under the Singanallur SRO, is Rs 1,232 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Andal Ammal Layout has changed

Over the years, the guideline value for Andal Ammal Layout has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,100 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,232 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 12%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value is Rs 1,232 per sq.ft, which aligns with the current guideline value of Andal Ammal Layout.

• Andal Nagar: Rs 1,120 per sq.ft (2024)
• Andal Street 1,2: Rs 1,232 per sq.ft (2024)
• Angammal layout: Rs 1,120 per sq.ft (2024)
• Anaingkadu Street: Rs 1,680 per sq.ft (2024)
• Annai Maria Appartments: Rs 2,016 per sq.ft (2024)
• Annai Sandhiya Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Ammal Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value would be Rs 12,32,000. The stamp duty at 7% would amount to Rs 86,240, while the registration fee at 2% would be Rs 24,640. Together, the total cost for stamp duty and registration would be Rs 1,10,880. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Ammal Layout?

The Sub Registrar Office that covers Andal Ammal Layout is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uppilipalayam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is considered to establish a baseline for the transaction. The stamp duty is calculated based on this value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Andal Ammal Layout?

The current guideline value of Andal Ammal Layout is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,232 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Andal Ammal Layout?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 86,240 and the registration fee would be Rs 24,640, totaling Rs 1,10,880.

Which Sub Registrar Office handles transactions in Andal Ammal Layout?

The Singanallur Sub Registrar Office handles transactions in Andal Ammal Layout, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification of Andal Ammal Layout?

Andal Ammal Layout is classified as Residential Class I Type - II, indicating its suitability for residential purposes.