Guideline Value for Aringnar Anna Street

Aringnar Anna Street guideline value

The current guideline value of Aringnar Anna Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Aringnar Anna Street has changed

Looking at the historical data, the guideline value for Aringnar Anna Street has seen several revisions over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 225 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 285 per sq.ft in 2007, a 27% increase from the previous year. By 2012, the value had jumped significantly to Rs 700 per sq.ft, reflecting a 146% increase. However, in 2017, it decreased to Rs 469 per sq.ft, a drop of 33%. The value remained at Rs 700 per sq.ft in 2023, and the same value has been carried into the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2002 to 2024, the guideline value has increased by 250%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is the same as the guideline value for Aringnar Anna Street.

• Appa Street: Rs 350 per sq.ft (2024)
• Arumuga lane: Rs 700 per sq.ft (2024)
• Appa Kadu: Rs 350 per sq.ft (2024)
• Arun Nagar (S.F.248): Rs 1,000 per sq.ft (2024)
• Arun Nagar (Sriram Thieater Backside): Rs 1,000 per sq.ft (2024)
• Annur Road: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Aringnar Anna Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to 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 accurate calculations.

Which Sub Registrar Office covers Aringnar Anna Street?

The Sub Registrar Office that covers Aringnar Anna Street 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mettupalayam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Aringnar Anna Street?

The current guideline value of Aringnar Anna Street is Rs 700 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 2002 to Rs 700 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What is the land classification for Aringnar Anna Street?

Aringnar Anna Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

For a property with a guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

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

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