Guideline Value for Andavar Kovil Street (476)

Andavar Kovil Street (476) guideline value

The current guideline value of Andavar Kovil Street (476) is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Nambiyur village, under the Nambiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Andavar Kovil Street (476) has changed

The guideline value for Andavar Kovil Street has seen several revisions over the years. In the 2002 revision, the value was Rs 31 per sq.ft, which increased to Rs 35 per sq.ft in 2003. The value saw a significant jump to Rs 40 per sq.ft in 2007, followed by a drastic rise to Rs 300 per sq.ft in 2012. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft. The 2023 revision maintained the value at Rs 300 per sq.ft, and the current 2024 revision remains the same at Rs 300 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 868%. The changes between revisions include a 13% increase from 2002 to 2003, a 14% increase from 2003 to 2007, a 650% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Nambiyur

Nambiyur village has a total of 75 streets under the Nambiyur SRO, with the 2024 guideline values ranging from Rs 300 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is the same as the current value for Andavar Kovil Street (476).

• Aathithiravedar Street (Near): Rs 300 per sq.ft (2024)
• Attayankattupalayam Road: Rs 300 per sq.ft (2024)
• Bangalow Street: Rs 300 per sq.ft (2024)
• Chettimuppanpathi Road: Rs 300 per sq.ft (2024)
• Eswaran Kovil Street: Rs 300 per sq.ft (2024)
• Gandhipuram: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Kovil Street (476)

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 Andavar Kovil Street (476)?

The Sub Registrar Office that covers Andavar Kovil Street (476) is the Nambiyur Sub Registrar Office, located at Sro Nambiyur, Kovai-Gobi Main Road, opposite Boys Government School, Nambiyur, Pin 638458, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Nambiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property based on government assessments. This value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Andavar Kovil Street (476)?

The current guideline value of Andavar Kovil Street (476) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 31 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, reflecting an overall increase of 868% over this period.

What is the land classification of Andavar Kovil Street (476)?

Andavar Kovil Street (476) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions in Nambiyur?

The stamp duty rate for property transactions in Nambiyur is 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Andavar Kovil Street (476)?

The Sub Registrar Office for Andavar Kovil Street (476) is located at Sro Nambiyur, Kovai-Gobi Main Road, opposite Boys Government School, Nambiyur, Pin 638458, Coimbatore registration zone.