Guideline Value for Angappan veethy

Angappan veethy guideline value

The current guideline value for Angappan veethy is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Ottarpalayam village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Angappan veethy has changed

The guideline value for Angappan veethy has seen significant changes over the years. In 2007, the guideline value was Rs 80 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it decreased to Rs 234 per sq.ft in 2017. The value then rose to Rs 350 per sq.ft in 2023 and is now Rs 385 per sq.ft in 2024, marking a 10% increase from the previous year.

Between 2007 and 2024, the overall increase in guideline value is 381%. The revisions for 2003 and 2002 do not have any figures recorded for this street in the register.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft, with a median value of Rs 495 per sq.ft. The guideline value for Angappan veethy is below this median.

• Andal Nagar: Rs 405 per sq.ft (2024)
• Anagadevar Street: Rs 385 per sq.ft (2024)
• Agathiyar Nagar: Rs 385 per sq.ft (2024)
• Agathiar veethy: Rs 495 per sq.ft (2024)
• Arul Murugan Nagar (382): Rs 825 per sq.ft (2024)
• Arunagirinathar Street (122): Rs 495 per sq.ft (2024)

Stamp duty and registration fee for property in Angappan veethy

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, totaling Rs 34,650. Please 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 more details.

Which Sub Registrar Office covers Angappan veethy?

The Sub Registrar Office covering Angappan veethy is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ottarpalayam. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Angappan veethy?

The current guideline value of Angappan veethy is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Angappan veethy has changed from Rs 80 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, showing an overall increase of 381% over this period.

What is the land classification of Angappan veethy?

Angappan veethy is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Angappan veethy?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 34,650.

Which office handles the registration for Angappan veethy?

The Singanallur Sub Registrar Office handles the registration for Angappan veethy, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.