Guideline Value for Athani South-North Road

Athani South-North Road guideline value

The current guideline value of Athani South-North Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Sathyamanagalam village and falls under the Sathyamangalam SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Athani South-North Road has changed

The guideline value for Athani South-North Road has undergone several revisions over the years. In 2007, the value was Rs 245 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 512%. However, it saw a decrease to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in 2024, reflecting a change of 10% between these two revisions. The register does not have figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 573%. The changes between revisions indicate fluctuations in the property values, with the most significant increase occurring between 2007 and 2012.

Guideline values in Sathyamanagalam

In Sathyamanagalam, there are 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 South-North Road is above this median.

• Athani Road Rajiv Nagar Quarters: Rs 825 per sq.ft (2024)
• Athani Road Kongunagar Quarters: Rs 1,320 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 South-North Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the 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 South-North Road?

The Sub Registrar Office that covers Athani South-North Road 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Sathyamanagalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Athani South-North Road?

The current guideline value of Athani South-North Road is Rs 1,650 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 1,650 per sq.ft in 2024, marking an overall increase of 573% over the years.

What are the stamp duty and registration fees for property in Athani South-North Road?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Which office handles property registrations for Athani South-North Road?

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

What is the land classification for Athani South-North Road?

The land classification for Athani South-North Road is Commercial Class I Type - II, indicating its use for commercial purposes.