Guideline Value for Angappa Layout

Angappa Layout guideline value

The current guideline value of Angappa Layout in Kavundampalayam village, under the Vadavalli SRO, is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Angappa Layout has changed

The guideline value for Angappa Layout has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this value decreased by 33% to Rs 804 per sq.ft in 2017. The value then rose sharply to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,325 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 563% from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median value for these streets is Rs 1,000 per sq.ft, placing Angappa Layout's 2024 figure above that median.

• Angappa School Backside (Ward 14): Rs 1,000 per sq.ft (2024)
• Annai Amirthanantha Nagar (ward 18): Rs 1,325 per sq.ft (2024)
• Annai Indira Nagar: Rs 1,020 per sq.ft (2024)
• Anbu Nagar (Ward 14): Rs 1,000 per sq.ft (2024)
• Anbu Nagar Extension (ward 15): Rs 1,000 per sq.ft (2024)
• Anbu Nagar 5th Street (ward 15): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Angappa Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, leading to a total cost of Rs 1,19,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Angappa Layout?

The Angappa Layout falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller meet their legal obligations. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Angappa Layout?

The current guideline value of Angappa Layout is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting a total increase of 563% over the years.

What is the land classification of Angappa Layout?

Angappa Layout is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Angappa Layout?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,25,000 would incur a stamp duty of Rs 92,750 at 7%.