Guideline Value for Angannan Site

Angannan Site guideline value

The current guideline value of Angannan Site in Ramanathapuram village, under the Peelamedu SRO, is Rs 1,025 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Angannan Site has changed

The guideline value for Angannan Site has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 157 per sq.ft. It increased to Rs 242 per sq.ft in 2003, marking a 54% rise. The value continued to rise significantly, reaching Rs 314 per sq.ft in 2007, which was a 30% increase from the previous year. The 2012 revision saw a value of Rs 1,000 per sq.ft, reflecting a substantial increase of 218% from 2007. However, in 2017, the value dropped to Rs 670 per sq.ft, showing a decrease of 33% from 2012.

From 2017 to 2023, the guideline value increased to Rs 1,000 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the value at Rs 1,025 per sq.ft, a 3% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 553%. There are no figures for the years not mentioned in this register for Angannan Site.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, indicating that Angannan Site's 2024 figure is below this median.

• Angannan Thevar Layout: Rs 1,025 per sq.ft (2024)
• Annai Sathya Housing Society Layout (Or) Nagar: Rs 1,005 per sq.ft (2024)
• Annamadam Lane: Rs 1,000 per sq.ft (2024)
• Anandam Nagar: Rs 1,010 per sq.ft (2024)
• Aranyaka Lay Out: Rs 1,650 per sq.ft (2024)
• Agamudaiyar Lane: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Angannan Site

For a 1,000 sq.ft plot at the current guideline value of Rs 1,025 per sq.ft, the total guideline value amounts to Rs 10,25,000. The stamp duty at 7% would be Rs 71,750, and the registration fee at 2% would be Rs 20,500, leading to a total of Rs 92,250. 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 further calculations.

Which Sub Registrar Office covers Angannan Site?

The Sub Registrar Office that covers Angannan Site is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Ramanathapuram. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties comply with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Understanding how the guideline value impacts fees can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Angannan Site?

The current guideline value of Angannan Site is Rs 1,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 157 per sq.ft in 2002 to Rs 1,025 per sq.ft in 2024, showing an overall increase of 553% over the years.

What is the median guideline value in Ramanathapuram?

The median guideline value for streets in Ramanathapuram is Rs 1,700 per sq.ft, which is higher than the current value of Angannan Site.

How is stamp duty calculated for properties in Angannan Site?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,25,000, the stamp duty would be Rs 71,750 at a rate of 7%.

Where can I find the Sub Registrar Office for Angannan Site?

The Sub Registrar Office for Angannan Site is located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more details by visiting the relevant link.