Guideline Value for A B K nagar

A B K nagar guideline value

The current guideline value of A B K nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Irugur village under the Singanallur SRO, and it is classified as Residential Class II Type - II.

How the guideline value of A B K nagar has changed

The guideline value for A B K nagar has seen significant changes over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 440 per sq.ft, reflecting an increase of 47% from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 119% in the guideline value. This consistent rise indicates a significant change in the valuation of properties in A B K nagar over the years.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value is Rs 440 per sq.ft, which is equal to the current value of A B K nagar.

• A.G. Pudhur Road & I O B Colony: Rs 440 per sq.ft (2024)
• A.G. pudur to Ravathur road: Rs 220 per sq.ft (2024)
• Agrakaram street: Rs 550 per sq.ft (2024)
• Allwyn Nagar: Rs 510 per sq.ft (2024)
• Amarar ramasamy goundar veethy: Rs 550 per sq.ft (2024)
• Amarar Ramasamy Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in A B K nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A B K nagar?

A B K nagar falls under the jurisdiction of the Singanallur Sub Registrar Office. The office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irugur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value, as it is used to calculate the applicable fees. This ensures transparency and fairness in property transactions, as the guideline value reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of A B K nagar?

The current guideline value of A B K nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 119%, rising from Rs 201 per sq.ft to Rs 440 per sq.ft in 2024.

What is the land classification of A B K nagar?

A B K nagar is classified as Residential Class II Type - II according to the local regulations.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in A B K nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.