Guideline Value for A B NAGAR 2ND ST

A B Nagar 2nd St guideline value

The current guideline value of A B Nagar 2nd St in Velampalayam village is Rs 716 per sq.ft, effective from 1 July 2024. This street falls under the Tiruppur Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of A B Nagar 2nd St has changed

In the 2012 revision, the guideline value was set at Rs 630 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 422 per sq.ft. Following this, the value increased significantly to Rs 630 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased the guideline value to Rs 716 per sq.ft, marking a 14% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 14% increase in the guideline value. The register has no figure 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 with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for these streets is Rs 711 per sq.ft, placing A B Nagar 2nd St's 2024 value above this median.

• A B Nagar 1st 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 2nd St

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A B Nagar 2nd St?

The A B Nagar 2nd St is covered by 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 information.

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

The guideline value is an essential factor during property registration in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented at a value that reflects the local market conditions. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of A B Nagar 2nd St?

The current guideline value of A B Nagar 2nd 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 716 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

Which Sub Registrar Office covers A B Nagar 2nd St?

The Tiruppur Joint II Sub Registrar Office covers A B Nagar 2nd St, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in A B Nagar 2nd St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 50,120.

What is the land classification of A B Nagar 2nd St?

A B Nagar 2nd St is classified as Residential Special Type - I, indicating its suitability for residential development in the area.