Guideline Value for Andivalavu veethi

Andivalavu veethi guideline value

The current guideline value of Andivalavu veethi is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vengampoor village under the Kodumudi SRO, classified as Residential Class III Type - V.

How the guideline value of Andivalavu veethi has changed

The guideline value for Andivalavu veethi has seen several revisions over the years. The earliest recorded value was Rs 39 per sq.ft in 2007, which increased to Rs 80 per sq.ft in 2012. However, this value decreased to Rs 54 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value jumped to Rs 200 per sq.ft, remaining the same in the subsequent revision in 2024.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 413%.

Guideline values in Vengampoor

In Vengampoor village, there are 66 streets under the Kodumudi SRO that carry a 2024 guideline value, with values ranging from Rs 200 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Andivalavu veethi.

• Asariyar veettu sandu: Rs 200 per sq.ft (2024)
• Bangla Street: Rs 200 per sq.ft (2024)
• East Street: Rs 200 per sq.ft (2024)
• Ellaiyur Karur-Erode mainroad: Rs 200 per sq.ft (2024)
• Ellaiyur kodumudi-kangeyam mainroad: Rs 200 per sq.ft (2024)
• Harijan colony: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Andivalavu veethi

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Andivalavu veethi?

The Sub Registrar Office that covers Andivalavu veethi is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vengampoor, as it determines the minimum value at which a property can be registered. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding these values helps in budgeting for the overall expenses involved in buying or selling property.

Frequently asked questions

What is the current guideline value of Andivalavu veethi?

The current guideline value of Andivalavu veethi 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 39 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with significant increases noted in the revisions from 2017 to 2023.

What is the classification of land in Andivalavu veethi?

The land classification for Andivalavu veethi is Residential Class III Type - V.

Where can I find the Sub Registrar Office for Andivalavu veethi?

The Sub Registrar Office for Andivalavu veethi is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How is the stamp duty calculated for properties in Andivalavu veethi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.