Guideline Value for Andal Street 1,2

Andal Street 1,2 guideline value

The current guideline value for Andal Street 1,2 is Rs 1,232 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village and falls under the Singanallur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Andal Street 1,2 has changed

The guideline value for Andal Street 1,2 has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,100 per sq.ft, and the latest revision in 2024 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 the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 12% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 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 for these streets is Rs 1,232 per sq.ft, which is the same as the guideline value for Andal Street 1,2.

• Andal Nagar: Rs 1,120 per sq.ft (2024)
• Andal Ammal Layout: 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 Street 1,2

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, bringing the total to Rs 1,10,880. It is important to note that 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 Street 1,2?

The Sub Registrar Office covering Andal Street 1,2 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the 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 applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. This ensures transparency and helps in maintaining a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value for Andal Street 1,2?

The current guideline value for Andal Street 1,2 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 is the land classification for Andal Street 1,2?

The land classification for Andal Street 1,2 is Residential Class I Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 12,32,000, the stamp duty would be Rs 86,240 and the registration fee would be Rs 24,640, totaling Rs 1,10,880.

Which office handles registrations for Andal Street 1,2?

The Singanallur Sub Registrar Office is responsible for handling registrations for Andal Street 1,2, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.