Guideline Value for Azagappa Layout

Azagappa Layout guideline value

The current guideline value of Azagappa Layout, located in Ward 4 village under the Pollachi SRO, is Rs 675 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Azagappa Layout has changed

Since the 2002 revision, the guideline value for Azagappa Layout has seen several changes. In 2002, the guideline value was Rs 332 per sq.ft, which increased to Rs 358 per sq.ft in 2003, marking an 8% rise. The value further increased to Rs 375 per sq.ft in 2007, reflecting a 5% change. By 2012, the value had risen to Rs 675 per sq.ft, showing an 80% increase. However, in 2017, it dropped to Rs 452 per sq.ft, a decrease of 33%. The guideline value remained at Rs 675 per sq.ft in 2023 and continues to be the same in 2024, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 103%. The 2023 to 2024 revision saw no change, while the significant increase from 2017 to 2023 was 49%.

Guideline values in Ward 4

In Ward 4 under the Pollachi SRO, there are 116 streets with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value is Rs 675 per sq.ft, which is equal to the current guideline value of Azagappa Layout.

• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)
• Azagammal Layout: Rs 541 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 Azagappa Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value would be Rs 6,75,000. The stamp duty at 7% would amount to Rs 47,250, and the registration fee at 2% would be Rs 13,500, bringing the total to Rs 60,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azagappa Layout?

The Azagappa Layout falls under the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, 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 Ward 4

The guideline value is crucial during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Azagappa Layout?

The current guideline value of Azagappa Layout is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 332 per sq.ft in 2002 to Rs 675 per sq.ft in 2024, representing a total increase of 103% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would be Rs 60,750, calculated based on the guideline value.

Which Sub Registrar Office covers Azagappa Layout?

The Pollachi Sub Registrar Office covers Azagappa Layout, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification of Azagappa Layout?

Azagappa Layout is classified under Residential Class IV Type - I, indicating its designated use for residential purposes.