Guideline Value for Andal Nagar

Andal Nagar guideline value

The current guideline value of Andal Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village under the Singanallur SRO and is classified as Residential Class I Type - III.

How the guideline value of Andal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision to Rs 1,000 per sq.ft, and further rose to Rs 1,120 per sq.ft in the 2024 revision, reflecting a 12% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, the guideline value has increased by 12% from the 2012 figure to the 2024 figure. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, placing the guideline value of Andal Nagar below this median.

• Andal Ammal Layout: Rs 1,232 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 Nagar

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 fees to Rs 1,00,800. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Andal Nagar?

The Sub Registrar Office that covers Andal Nagar 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 is a crucial factor in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Andal Nagar?

The current guideline value of Andal Nagar 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 seen various changes, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,120 per sq.ft in 2024. Overall, it has increased by 12% from the 2012 figure to the 2024 figure.

What is the land classification of Andal Nagar?

Andal Nagar is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Andal Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 11,20,000. The stamp duty would be Rs 78,400, and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Which Sub Registrar Office covers Andal Nagar?

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