Guideline Value for Anna Mudhaliyar Street (Ward 17)

Anna Mudhaliyar Street (Ward 17) guideline value

The current guideline value of Anna Mudhaliyar Street (Ward 17) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anna Mudhaliyar Street (Ward 17) has changed

The guideline value for Anna Mudhaliyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased to Rs 800 per sq.ft, marking a significant rise of 49% from the Rs 536 per sq.ft recorded in 2017. The 2024 revision also maintains this value at Rs 800 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 800 per sq.ft throughout this period.

Guideline values in Karamadai

In Karamadai, there are 180 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 340 to Rs 1,680 per sq.ft. The median value is Rs 800 per sq.ft, placing Anna Mudhaliyar Street at this median value for 2024.

• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Anna Nagar (Ward 14): Rs 800 per sq.ft (2024)
• Anna Nagar (Ward 19): Rs 800 per sq.ft (2024)
• Anna Street: Rs 440 per sq.ft (2024)
• Andiappagowder Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Mudhaliyar Street (Ward 17)

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating duties, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Mudhaliyar Street (Ward 17)?

The Sub Registrar Office covering Anna Mudhaliyar Street (Ward 17) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karamadai. It is used to determine the stamp duty and registration fees applicable on the property transaction. This value ensures that the government receives the appropriate taxes based on the property's worth as defined by the guideline register.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate the necessary fees, ensuring compliance with local regulations. It is essential for both parties 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 Anna Mudhaliyar Street?

The current guideline value of Anna Mudhaliyar Street (Ward 17) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the classification of land on Anna Mudhaliyar Street?

Anna Mudhaliyar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Anna Mudhaliyar Street?

The Sub Registrar Office for Anna Mudhaliyar Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is stamp duty calculated for properties in Karamadai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.