Guideline Value for Andiappagowder Street

Andiappagowder Street guideline value

The current guideline value of Andiappagowder Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Andiappagowder Street has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 400 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, resulting in the current guideline value of Rs 440 per sq.ft.

It is important to note that the register has no figures for Andiappagowder Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO with a 2024 guideline value ranging from Rs 340 to Rs 1,680 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Andiappagowder Street's 2024 figure below that median.

• Anbu Nagar: Rs 660 per sq.ft (2024)
• Ammasai Mudhaliar Lane: Rs 440 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)
• Anna Mudhaliyar Street (Ward 17): Rs 800 per sq.ft (2024)
• Anna Nagar (Ward 14): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Andiappagowder Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value is Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total Rs 39,600. 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 Andiappagowder Street?

The Sub Registrar Office that covers Andiappagowder Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions in Karamadai. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value serves as a benchmark for calculating the fees, ensuring that both the buyer and seller comply with the legal requirements set forth by the government.

Frequently asked questions

What is the current guideline value of Andiappagowder Street?

The current guideline value of Andiappagowder Street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 400 in 2012 to Rs 268 in 2017, then up to Rs 400 in 2023, and finally to Rs 440 in 2024.

What is the land classification for Andiappagowder Street?

Andiappagowder Street is classified as Residential Class IV Type - I.

What is the median guideline value for streets in Karamadai?

The median guideline value for streets in Karamadai is Rs 800 per sq.ft, while Andiappagowder Street's value is below this median.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.