Guideline Value for Angalamman Kovil Street

Angalamman Kovil Street guideline value

The current guideline value of Angalamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village under the Coimbatore North Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Angalamman Kovil Street has changed

The guideline value of Angalamman Kovil Street has experienced several revisions over the years. In the 2007 revision, the value was set at Rs 560 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in the 2012 revision, followed by a decrease to Rs 938 per sq.ft in 2017. The 2023 revision saw a notable increase to Rs 1,400 per sq.ft, and the latest 2024 revision has further raised it to Rs 1,600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From the 2007 revision to the 2024 revision, the guideline value has increased by 186%. The changes between the revisions are as follows: from 2007 to 2012, there was an increase of 150%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 14%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,800 per sq.ft. The guideline value of Angalamman Kovil Street is below this median.

• Annai Abirami Nagar: Rs 2,000 per sq.ft (2024)
• Adi Dravidar Street: Rs 1,000 per sq.ft (2024)
• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)
• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Together, the total cost for stamp duty and registration fee would be Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Angalamman Kovil Street?

The Sub Registrar Office that covers Angalamman Kovil Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-3

The guideline value is a crucial factor when registering property in Ward-3. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Angalamman Kovil Street?

The current guideline value of Angalamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 560 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 186% over the years.

What is the classification of Angalamman Kovil Street?

Angalamman Kovil Street is classified as Residential Class I Type - III.

Where can I find the registration office for Angalamman Kovil Street?

The registration office for Angalamman Kovil Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.