Guideline Value for Andal Garden

Andal Garden guideline value

The current guideline value of Andal Garden, located in Pattanam village under the Singanallur SRO, is Rs 220 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Andal Garden has changed

The guideline value for Andal Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 200 per sq.ft, and the latest revision in 2024 has raised it to Rs 220 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while it saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pattanam

In Pattanam, there are 220 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,815 per sq.ft, with the median value being Rs 220 per sq.ft. The guideline value of Andal Garden matches this median figure.

• Angel Garden: Rs 165 per sq.ft (2024)
• Annai Gardens: Rs 635 per sq.ft (2024)
• Annai Increte Nagar: Rs 220 per sq.ft (2024)
• Annai Surammal Nagar: Rs 165 per sq.ft (2024)
• Amman Nagar, Extension: Rs 330 per sq.ft (2024)
• Amman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. 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 details.

Which Sub Registrar Office covers Andal Garden?

The Sub Registrar Office that covers Andal Garden 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pattanam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Andal Garden?

The current guideline value of Andal Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Andal Garden?

Andal Garden falls under the Residential Class III Type - I land classification.

Which Sub Registrar Office covers Andal Garden?

The Singanallur Sub Registrar Office covers Andal Garden, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for property in Andal Garden?

Stamp duty for property in Andal Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.