Guideline Value for Andipalayam Main Road (55/1)

Andipalayam Main Road (55/1) guideline value

The current guideline value of Andipalayam Main Road (55/1) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in P.Mettupalayam village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Andipalayam Main Road (55/1) has changed

The guideline value for Andipalayam Main Road has undergone several revisions over the years. In 2002, the value was Rs 40 per sq.ft, which increased to Rs 44 per sq.ft in 2003. By 2007, it had risen to Rs 46 per sq.ft, and in 2012, it further increased to Rs 100 per sq.ft. However, from 2012 to 2017, there was a decline to Rs 67 per sq.ft. The value saw a significant increase to Rs 200 per sq.ft in 2023, which remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 199%. The value remained at Rs 200 per sq.ft from 2023 to 2024, showing no change. Overall, from 2002 to 2024, the guideline value has increased by 400%.

Guideline values in P.Mettupalayam

In P.Mettupalayam, there are 65 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with the median being Rs 200 per sq.ft. The guideline value for Andipalayam Main Road (55/1) is equal to this median.

• Anna Street (439/2): Rs 200 per sq.ft (2024)
• Avaiyar street (548/2): Rs 200 per sq.ft (2024)
• Ayyampalayam Road(507/1): Rs 200 per sq.ft (2024)
• Bharathiyar Street (548/2): Rs 200 per sq.ft (2024)
• Boomandigoundanur (420/1,2,421/1,2,3, 425/6,7,8): Rs 200 per sq.ft (2024)
• Boomandigoundanur Main Road (434/2,3,4,443/1): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Andipalayam Main Road (55/1)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andipalayam Main Road (55/1)?

The Sub Registrar Office that covers Andipalayam Main Road (55/1) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in P.Mettupalayam

The guideline value is a crucial factor in property transactions in P.Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. The value helps in assessing the financial implications of the property transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Andipalayam Main Road (55/1)?

The current guideline value of Andipalayam Main Road (55/1) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, showing an overall increase of 400% over the years.

What is the land classification for Andipalayam Main Road (55/1)?

The land classification for Andipalayam Main Road (55/1) is Residential Class III Type - V.

What are the stamp duty and registration fees for a property on Andipalayam Main Road (55/1)?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office handles registrations for Andipalayam Main Road (55/1)?

The Kavundapadi Sub Registrar Office handles registrations for Andipalayam Main Road (55/1), located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.