Guideline Value for Angalamman Nagar

Angalamman Nagar guideline value

The current guideline value of Angalamman Nagar is Rs 310 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Angalamman Nagar has changed

The guideline value for Angalamman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 280 per sq.ft, which then decreased to Rs 188 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 281 per sq.ft in 2023, marking a 49% rise from 2017. The latest revision in 2024 has further increased the guideline value to Rs 310 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam features a total of 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value for this area is Rs 310 per sq.ft, which is equal to the current guideline value of Angalamman Nagar.

• Angannan Veedhi: Rs 310 per sq.ft (2024)
• Annai Indra Nagar: Rs 220 per sq.ft (2024)
• Amutham Nagar: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Anna Nagar (Ward - 15): Rs 380 per sq.ft (2024)
• Anna Nagar (Ward 2): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value amounts to Rs 3,10,000. The stamp duty at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, bringing the total fees to Rs 27,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angalamman Nagar?

The Sub Registrar Office that covers Angalamman Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Narasimmanaickenpalayam. It serves as a reference for calculating stamp duty and registration fees when registering a property sale or purchase.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This value is crucial for maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Angalamman Nagar?

The current guideline value of Angalamman Nagar is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 280 per sq.ft in 2012 to Rs 188 per sq.ft in 2017, then increased to Rs 281 per sq.ft in 2023, and finally to Rs 310 per sq.ft in 2024.

What is the land classification of Angalamman Nagar?

Angalamman Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Angalamman Nagar?

The Sub Registrar Office for Angalamman Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Angalamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,10,000 would incur a stamp duty of Rs 21,700 at 7%.