Guideline Value for Athani Road Rajiv Nagar Quarters

Athani Road Rajiv Nagar Quarters guideline value

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

How the guideline value of Athani Road Rajiv Nagar Quarters has changed

The guideline value for Athani Road Rajiv Nagar Quarters has undergone several revisions over the years. In 2007, the value was Rs 245 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a 206% increase. However, it then decreased to Rs 502 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 750 per sq.ft in 2023, and most recently, it has increased to Rs 825 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 237%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Sathyamanagalam

Sathyamanagalam village has 33 streets under the Sathyamangalam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,200 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Athani Road Rajiv Nagar Quarters is above this median.

• Athani Road Kongunagar Quarters: Rs 1,320 per sq.ft (2024)
• Athani South-North Road: Rs 1,650 per sq.ft (2024)
• Athani Road Arijana Quarters: Rs 550 per sq.ft (2024)
• Athani East-west Mani Road: Rs 825 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 Rajiv Nagar Quarters

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

Which Sub Registrar Office covers Athani Road Rajiv Nagar Quarters?

The Sub Registrar Office that covers Athani Road Rajiv Nagar Quarters is 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 is a crucial factor in property transactions in Sathyamanagalam, as it determines the amount of stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value is used as a basis for calculating these fees, ensuring transparency in property dealings.

When a property is registered, the guideline value helps in assessing the fair value of the property for taxation purposes. It is essential for both parties involved in the transaction to understand the guideline value applicable to the specific area to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Athani Road Rajiv Nagar Quarters?

The current guideline value of Athani Road Rajiv Nagar Quarters 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, reflecting an overall increase of 237% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, amounting to a total of Rs 74,250.

Which office handles property registrations for Athani Road Rajiv Nagar Quarters?

The Sathyamangalam Sub Registrar Office handles property registrations for Athani Road Rajiv Nagar Quarters, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions, ensuring transparency and fair assessment of property values.