Guideline Value for Azagammal Layout

Azagammal Layout guideline value

The current guideline value of Azagammal Layout is Rs 541 per sq.ft, effective from 1 July 2024. This layout is located in Ward 4 village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Azagammal Layout has changed

Over the years, the guideline value for Azagammal Layout has seen several revisions. The 2002 revision set the value at Rs 291 per sq.ft, which then increased to Rs 314 per sq.ft in 2003, marking an 8% rise. The subsequent revisions were as follows: in 2007, the value increased to Rs 375 per sq.ft (19% rise), followed by a jump to Rs 540 per sq.ft in 2012 (44% rise). However, in 2017, it decreased to Rs 362 per sq.ft, reflecting a decline of 33%. The value remained stable at Rs 541 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 86%, moving from Rs 291 per sq.ft to the current Rs 541 per sq.ft. The register has no figure for the years not mentioned in the revisions.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO, with guideline values ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 675 per sq.ft, placing Azagammal Layout's current value below that median.

• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)
• Azakapuri Road: Rs 420 per sq.ft (2024)
• Balakrishna Layout: Rs 420 per sq.ft (2024)
• Bangalow Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Azagammal Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value amounts to Rs 5,41,000. The stamp duty at 7% would be Rs 37,870, and the registration fee at 2% would be Rs 10,820, bringing the total cost to Rs 48,690. 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 Azagammal Layout?

The Azagammal Layout falls under the jurisdiction of the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a crucial factor during the registration of property transactions in Ward 4. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction adheres to the legal standards set by the authorities.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with the registration process.

Frequently asked questions

What is the current guideline value of Azagammal Layout?

The current guideline value of Azagammal Layout is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 291 per sq.ft in 2002 to Rs 541 per sq.ft in 2024, reflecting an overall increase of 86% over this period.

What is the median guideline value in Ward 4?

The median guideline value in Ward 4 is Rs 675 per sq.ft, with Azagammal Layout's current value being below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 37,870, and the registration fee is Rs 10,820, totaling Rs 48,690.

Where is the Sub Registrar Office for Azagammal Layout located?

The Pollachi Sub Registrar Office, which covers Azagammal Layout, is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.