Guideline Value for Andhiyur Road

Andhiyur Road guideline value

The current guideline value of Andhiyur Road is Rs 1,445 per sq.ft, effective from 1 July 2024. This road is located in Bhavani village, under the Bhavani Sub Registrar Office (SRO) in the Coimbatore zone. The land classification for this area is Commercial Special Type - I.

How the guideline value of Andhiyur Road has changed

The guideline value for Andhiyur Road has undergone several revisions over the years. The earliest registered figure is from 2007, which was Rs 452 per sq.ft. This value increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 188%. However, it then decreased to Rs 871 per sq.ft in 2017, a decline of 33%. By 2023, the guideline value rose again to Rs 1,300 per sq.ft, and in the latest revision for 2024, it reached Rs 1,445 per sq.ft, which is an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 220%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Bhavani

In Bhavani village, there are 55 streets under the Bhavani SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,445 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making the 2024 guideline value of Andhiyur Road above this median.

• Andhiyur Road (Thiruvalluvar Nagar): Rs 1,445 per sq.ft (2024)
• Bajanai Kovil Street: Rs 400 per sq.ft (2024)
• Bus Stand Road: Rs 800 per sq.ft (2024)
• Cauvery Street: Rs 600 per sq.ft (2024)
• Devapuram: Rs 1,445 per sq.ft (2024)
• Devaraj Lane: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Andhiyur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,445 per sq.ft, the total guideline value amounts to Rs 14,45,000. The stamp duty at 7% would be Rs 1,01,150, and the registration fee at 2% would be Rs 28,900, bringing the total fees together to Rs 1,30,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Andhiyur Road?

The Sub Registrar Office that covers Andhiyur Road is the Bhavani Sub Registrar Office, located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Bhavani. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Andhiyur Road?

The current guideline value of Andhiyur Road is Rs 1,445 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 452 per sq.ft in 2007 to Rs 1,445 per sq.ft in 2024, an overall increase of 220%.

What is the land classification for Andhiyur Road?

The land classification for Andhiyur Road is Commercial Special Type - I.

What are the stamp duty and registration fees for property on Andhiyur Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 14,45,000, with a stamp duty of Rs 1,01,150 and a registration fee of Rs 28,900, totaling Rs 1,30,050.

Where is the Sub Registrar Office for Andhiyur Road located?

The Sub Registrar Office for Andhiyur Road is located at D.no.353/300s Bhavani Taluk Office Compound Mettur Main Road Bhavani 638301, Coimbatore registration zone.