Guideline Value for Athanuramman nagar

Athanuramman nagar guideline value

The current guideline value of Athanuramman nagar is Rs 308 per sq.ft, effective from 1 July 2024. This area is located in Vellakovil village, under the Vellakovil SRO, and is classified as Residential Class II Type - II.

How the guideline value of Athanuramman nagar has changed

The guideline value for Athanuramman nagar has seen significant changes over the years. In 2012, the guideline value was Rs 120 per sq.ft, which increased to Rs 80 per sq.ft in 2017. However, from 2017 to 2023, the value surged to Rs 300 per sq.ft, marking a 275% increase. The most recent revision in 2024 set the guideline value at Rs 308 per sq.ft, a 3% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 157%.

Guideline values in Vellakovil

In Vellakovil, there are 141 streets under the Vellakovil SRO that carry a 2024 guideline value ranging from Rs 305 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 312 per sq.ft, making Athanuramman nagar's 2024 figure below that median.

• Anbu nagar: Rs 310 per sq.ft (2024)
• Gopal thottam: Rs 392 per sq.ft (2024)
• Kamalams Nest: Rs 392 per sq.ft (2024)
• Kavinger Kannadhasan nagar: Rs 308 per sq.ft (2024)
• Kuppanna nagar: Rs 310 per sq.ft (2024)
• Lakshmi Garden: Rs 316 per sq.ft (2024)

Stamp duty and registration fee for property in Athanuramman nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 308 per sq.ft, the total guideline value amounts to Rs 3,08,000. The stamp duty at 7% would be Rs 21,560, and the registration fee at 2% would be Rs 6,160, bringing the total to Rs 27,720. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athanuramman nagar?

The Sub Registrar Office that covers Athanuramman nagar is the Vellakovil Sub Registrar Office, located at Sro Vellakoil, Kallankaaduvalasu Near Kurinchi Matriculation School, Vellakoil - 638111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellakovil. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations during property transactions. It also helps in determining the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Athanuramman nagar?

The current guideline value of Athanuramman nagar is Rs 308 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2012 to Rs 80 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 308 per sq.ft in 2024.

What is the median guideline value in Vellakovil?

The median guideline value for streets in Vellakovil is Rs 312 per sq.ft, with Athanuramman nagar's value being below this median.

What are the stamp duty and registration fees for a property in Athanuramman nagar?

For a property valued at Rs 3,08,000, the stamp duty would be Rs 21,560 and the registration fee would be Rs 6,160, totaling Rs 27,720.

Which Sub Registrar Office covers Athanuramman nagar?

The Vellakovil Sub Registrar Office covers Athanuramman nagar, located at Sro Vellakoil, Kallankaaduvalasu Near Kurinchi Matriculation School, Vellakoil - 638111, Coimbatore registration zone.