Guideline Value for Athumedu

Athumedu guideline value

The current guideline value of Athumedu, located in Ramanathapuram village under the Peelamedu SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - III.

How the guideline value of Athumedu has changed

The guideline value of Athumedu has seen several revisions over the years. In the 2002 revision, the value was Rs 127 per sq.ft, which increased to Rs 140 per sq.ft in 2003. The following revisions were Rs 225 per sq.ft in 2007, Rs 400 per sq.ft in 2012, and then a significant rise to Rs 268 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

Overall, the guideline value has increased by 687% from 2002 to 2024. Notably, the change from 2017 to 2023 was +273%, while the change from 2012 to 2017 was -33%. The revisions from 2007 to 2012 and from 2003 to 2007 were +78% and +61%, respectively. The register has no figure for this street in the years that do not have a specified value.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value is Rs 1,700 per sq.ft, placing Athumedu's 2024 figure below that median.

• Aspire: Rs 4,190 per sq.ft (2024)
• Arunachalam Colony: Rs 1,700 per sq.ft (2024)
• Arumuga Nadar Street: Rs 1,700 per sq.ft (2024)
• Arumugam Nagar: Rs 1,700 per sq.ft (2024)
• Ayyavannan Lane: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Athumedu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. 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 details.

Which Sub Registrar Office covers Athumedu?

Athumedu is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ramanathapuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buyers and sellers engage in property transactions, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Athumedu?

The current guideline value of Athumedu is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 127 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 687% over this period.

What are the other streets in Ramanathapuram with their guideline values?

Other streets in Ramanathapuram include Aspire at Rs 4,190 per sq.ft, Arunachalam Colony at Rs 1,700 per sq.ft, and Ayyavannan Lane at Rs 1,000 per sq.ft, among others.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Athumedu located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.