Guideline Value for Angamuthu Lane

Angamuthu Lane guideline value

The current guideline value of Angamuthu Lane is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Sulur village under the Sulur Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Angamuthu Lane has changed

The guideline value for Angamuthu Lane has undergone several revisions over the years. In 2002, the guideline value was Rs 50 per sq.ft, which increased significantly to Rs 80 per sq.ft in 2007. This marked a substantial rise of 60%. Following this, the value surged to Rs 400 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, the value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 400 per sq.ft, and the latest revision in 2024 has raised it to Rs 448 per sq.ft, a growth of 12% from the previous year. It is important to note that the register has no figure for Angamuthu Lane for the year 2003.

Overall, from 2002 to 2024, the guideline value has increased by 796%, highlighting significant fluctuations over the years. The most considerable change occurred between 2007 and 2012, where the value jumped by 400%, and the most recent change from 2023 to 2024 reflects a modest increase of 12%.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that have a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft, with a median value of Rs 784 per sq.ft. The guideline value of Angamuthu Lane at Rs 448 per sq.ft is below this median.

• Angalamman Kovil Street: Rs 784 per sq.ft (2024)
• Annamadam Street: Rs 784 per sq.ft (2024)
• Annamalai settiar lane: Rs 560 per sq.ft (2024)
• Annamalai thevar lane: Rs 784 per sq.ft (2024)
• Anna Nagar: Rs 784 per sq.ft (2024)
• Amarjothi Vimana Nagar: Rs 560 per sq.ft (2024)

Stamp duty and registration fee for property in Angamuthu Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angamuthu Lane?

The Sub Registrar Office that covers Angamuthu Lane is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sulur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Angamuthu Lane?

The current guideline value of Angamuthu Lane is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 50 per sq.ft in 2002 to Rs 448 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Angamuthu Lane?

Angamuthu Lane is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Angamuthu Lane?

The Sub Registrar Office for Angamuthu Lane is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated for properties in Angamuthu Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 40,320.