Guideline Value for Athani East-west Mani Road

Athani East-west Mani Road guideline value

The current guideline value of Athani East-west Mani Road is Rs 825 per sq.ft, effective from 1 July 2024. This road is located in Sathyamanagalam village, under the Sathyamangalam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Athani East-west Mani Road has changed

The guideline value for Athani East-west Mani Road has seen several revisions over the years. The 2007 revision set the value at Rs 245 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft. The 2017 revision marked a substantial increase to Rs 750 per sq.ft in 2023, followed by a further increase to Rs 825 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Overall, the guideline value has increased by 237% from Rs 245 per sq.ft in 2007 to Rs 825 per sq.ft in 2024. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Sathyamanagalam

Sathyamanagalam village has a total of 33 streets under the Sathyamangalam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,200 per sq.ft. The median value is Rs 660 per sq.ft, placing Athani East-west Mani Road's 2024 figure above this median.

• Athani Road Arijana Quarters: Rs 550 per sq.ft (2024)
• Athani Road Kongunagar Quarters: Rs 1,320 per sq.ft (2024)
• Athani Road Rajiv Nagar Quarters: Rs 825 per sq.ft (2024)
• Athani South-North Road: Rs 1,650 per sq.ft (2024)
• Bazar Street(ManiKoondu-Market): Rs 2,200 per sq.ft (2024)
• Annaiyan North Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Athani East-west Mani Road

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty, charged at 7%, would be Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total charges to Rs 74,250. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athani East-west Mani Road?

The Athani East-west Mani Road falls under the jurisdiction of the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sathyamanagalam. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should 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 Athani East-west Mani Road?

The current guideline value of Athani East-west Mani Road is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, representing an overall increase of 237% over the years.

What is the stamp duty rate for properties in Sathyamanagalam?

The stamp duty rate for properties in Sathyamanagalam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sathyamangalam Sub Registrar Office?

The Sathyamangalam Sub Registrar Office is located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone.

What other streets in Sathyamanagalam have guideline values?

Other streets in Sathyamanagalam have varying guideline values, with rates ranging from Rs 330 to Rs 2,200 per sq.ft, with Athani East-west Mani Road being above the median value of Rs 660 per sq.ft.