Guideline Value for Annamalai Mudhaliyar Street (Ward 16)

Annamalai Mudhaliyar Street (Ward 16) guideline value

The current guideline value of Annamalai Mudhaliyar Street (Ward 16) is Rs 800 per sq.ft. 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 Annamalai Mudhaliyar Street (Ward 16) has changed

The guideline value for Annamalai 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, reflecting a 49% rise from Rs 536 per sq.ft in 2017. The 2024 revision also maintains the value at Rs 800 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 800 per sq.ft.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, which is equal to the current guideline value of Annamalai Mudhaliyar Street (Ward 16).

• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Anna Mudhaliyar Street (Ward 17): 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 Annamalai Mudhaliyar Street (Ward 16)

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

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

Which Sub Registrar Office covers Annamalai Mudhaliyar Street (Ward 16)?

The Sub Registrar Office that covers Annamalai Mudhaliyar Street (Ward 16) 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 is a crucial factor in the registration process when buying or selling property in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annamalai Mudhaliyar Street?

The current guideline value of Annamalai Mudhaliyar Street (Ward 16) 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 since 2012, with a notable increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023. The value has not changed between 2023 and 2024.

What are the other streets in Karamadai with similar guideline values?

Other streets in Karamadai with a guideline value of Rs 800 per sq.ft include Annai Vellankanni Nagar, Anna Mudhaliyar Street (Ward 17), Anna Nagar (Ward 14), and Anna Nagar (Ward 19).

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 property valued at Rs 8,00,000, the stamp duty would be 7% of this amount.

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

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