Guideline Value for A B NAGAR 1ST ST

A B Nagar 1st St guideline value

The current guideline value of A B Nagar 1st St is Rs 716 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, classified as Residential Special Type - I.

How the guideline value of A B Nagar 1st St has changed

The guideline value for A B Nagar 1st St has undergone several revisions over the years. The 2012 revision set the value at Rs 630 per sq.ft, which was then reduced to Rs 422 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 630 per sq.ft, and the latest revision in 2024 raised it further to Rs 716 per sq.ft, marking a 14% increase from the previous year.

In summary, the changes between revisions show that from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a 14% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 711 per sq.ft, placing A B Nagar 1st St above this median.

• A B Nagar 2nd St: Rs 716 per sq.ft (2024)
• A B Nagar West: Rs 716 per sq.ft (2024)
• A B Nagar: Rs 715 per sq.ft (2024)
• Ace City Garden(Annaipalayam): Rs 711 per sq.ft (2024)
• Abirami Nagar: Rs 709 per sq.ft (2024)
• Aavinan Kudi: Rs 707 per sq.ft (2024)

Stamp duty and registration fee for property in A B Nagar 1st St

For a 1,000 sq.ft plot at the current rate of Rs 716 per sq.ft, the guideline value amounts to Rs 7,16,000. The stamp duty at 7% would be Rs 50,120, and the registration fee at 2% would be Rs 14,320, totaling Rs 64,440. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A B Nagar 1st St?

The Sub Registrar Office that covers A B Nagar 1st St is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the property registration process in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A B Nagar 1st St?

The current guideline value of A B Nagar 1st St is Rs 716 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 630 per sq.ft in 2012 to Rs 422 per sq.ft in 2017, then to Rs 630 per sq.ft in 2023, and finally to Rs 716 per sq.ft in 2024.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam for 2024 is Rs 711 per sq.ft, with A B Nagar 1st St's value being above this median.

What are the stamp duty and registration fees for A B Nagar 1st St?

For a property valued at Rs 716 per sq.ft, the stamp duty is Rs 50,120, and the registration fee is Rs 14,320, totaling Rs 64,440 for a 1,000 sq.ft plot.

Which office handles registrations for A B Nagar 1st St?

The Tiruppur Joint II Sub Registrar Office handles registrations for A B Nagar 1st St, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.