Guideline Value for Athani Road Kongunagar Quarters

Athani Road Kongunagar Quarters guideline value

The current guideline value of Athani Road Kongunagar Quarters is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Sathyamanagalam village, under the Sathyamangalam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Athani Road Kongunagar Quarters has changed

Over the years, the guideline value for Athani Road Kongunagar Quarters has seen significant changes. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, there was a decrease to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,320 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2007 to 2012, the value increased by 300%, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023, and a further rise of 10% from 2023 to 2024. Overall, the guideline value has increased by 340% from 2007 to 2024.

Guideline values in Sathyamanagalam

In Sathyamanagalam, there are 33 streets under the Sathyamangalam SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,200 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Athani Road Kongunagar Quarters above this median.

• Athani Road Arijana Quarters: Rs 550 per sq.ft (2024)
• Athani Road Rajiv Nagar Quarters: Rs 825 per sq.ft (2024)
• Athani East-west Mani Road: 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 Road Kongunagar Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Athani Road Kongunagar Quarters?

The Athani Road Kongunagar Quarters 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sathyamanagalam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and complies with local regulations.

When a buyer or seller approaches the SRO for registration, the guideline value is referenced to establish the official value of the property. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Athani Road Kongunagar Quarters?

The current guideline value of Athani Road Kongunagar Quarters is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the stamp duty for property in Athani Road Kongunagar Quarters?

The stamp duty for property in Athani Road Kongunagar Quarters is 7% of the guideline value or sale price, whichever is higher.

Where is the Sathyamangalam Sub Registrar Office located?

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

What are the guideline values of other streets in Sathyamanagalam?

Other streets in Sathyamanagalam have varying guideline values ranging from Rs 330 to Rs 2,200 per sq.ft, with the median being Rs 660 per sq.ft. Athani Road Kongunagar Quarters is above this median.