Guideline Value for Angappa School Backside (Ward 14)

Angappa School Backside (Ward 14) guideline value

The current guideline value for Angappa School Backside (Ward 14) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village and falls under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of Angappa School Backside (Ward 14) has changed

Looking at the historical guideline values, the register shows that in 2012, the value was Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 87%, bringing it back to Rs 1,000 per sq.ft. The 2023 revision maintained this figure, with no change to the value in 2024.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

Kavundampalayam 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. The median guideline value in the village is Rs 1,000 per sq.ft, which is the same as the current value for Angappa School Backside (Ward 14).

• Angappa Layout: Rs 1,325 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 School Backside (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angappa School Backside (Ward 14)?

The Sub Registrar Office that covers Angappa School Backside (Ward 14) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value for Angappa School Backside (Ward 14)?

The current guideline value for Angappa School Backside (Ward 14) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, and then increasing to Rs 1,000 per sq.ft by 2023, which has been maintained in 2024.

What is the land classification for Angappa School Backside (Ward 14)?

Angappa School Backside (Ward 14) is classified as Residential Class I Type - II, indicating its designation for residential purposes.

Which office handles property registrations for Angappa School Backside (Ward 14)?

The Vadavalli Sub Registrar Office is responsible for handling property registrations for Angappa School Backside (Ward 14), located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Kavundampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the applicable fees are consistent with the established guideline values in the region.