Guideline Value for Andavar Street

Andavar Street guideline value

The current guideline value of Andavar Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Sathyamanagalam village, under the Sathyamangalam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Andavar Street has changed

Andavar Street has seen several revisions in its guideline value over the years. The 2007 revision set the value at Rs 30 per sq.ft, which increased significantly to Rs 150 per sq.ft in 2012. However, this was followed by a decrease to Rs 100 per sq.ft in 2017. The guideline value then rose sharply to Rs 300 per sq.ft in 2023, reflecting a 200% increase from the 2017 figure. The latest revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Andavar Street. Overall, from 2007 to 2024, the guideline value has increased by 1000%, indicating a significant change over the years.

Guideline values in Sathyamanagalam

In Sathyamanagalam village, there are 33 streets under the Sathyamangalam SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Andavar Street's 2024 figure below this median.

• Annaiyan East Street: Rs 660 per sq.ft (2024)
• Annaiyan North Street: Rs 660 per sq.ft (2024)
• Athani East-west Mani Road: Rs 825 per sq.ft (2024)
• Athani Road Arijana Quarters: Rs 550 per sq.ft (2024)
• Athani Road Kongunagar Quarters: Rs 1,320 per sq.ft (2024)
• Athani Road Rajiv Nagar Quarters: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, while the registration fee at 2% would be Rs 6,600, bringing the total charges to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andavar Street?

The Sub Registrar Office that covers Andavar Street is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Sathyamanagalam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable charges.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This value helps in assessing the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Andavar Street?

The current guideline value of Andavar Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 30 per sq.ft to Rs 330 per sq.ft in 2024, showing a significant rise over the years.

What is the land classification for Andavar Street?

The land classification for Andavar Street is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Andavar Street?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registrations for Andavar Street?

The Sathyamangalam Sub Registrar Office handles property registrations for Andavar Street, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401.