Guideline Value for A B NAGAR WEST

A B Nagar West guideline value

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

How the guideline value of A B Nagar West has changed

The guideline value for A B Nagar West has undergone several revisions over the years. The 2012 revision set the value at Rs 630 per sq.ft, which then decreased to Rs 422 per sq.ft in 2017. Following this, the value increased significantly to Rs 630 per sq.ft in 2023, and further rose to Rs 716 per sq.ft in the 2024 revision, marking a 14% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 14%. 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, with a median value of Rs 711 per sq.ft. The guideline value for A B Nagar West is above this median.

• A B Nagar 2nd St: Rs 716 per sq.ft (2024)
• A B Nagar 1st St: 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 West

For a 1,000 sq.ft plot at the current guideline value of Rs 716 per sq.ft, the total guideline value amounts to Rs 7,16,000. The stamp duty at 7% would be Rs 50,120, while the registration fee at 2% would be Rs 14,320, bringing the total fees together to Rs 64,440. It is important to 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 further calculations.

Which Sub Registrar Office covers A B Nagar West?

The Sub Registrar Office that covers A B Nagar West is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Velampalayam

The guideline value is an essential factor in the registration process when buying or selling property in Velampalayam. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties comply with legal requirements.

When a property is sold, the guideline value is used to calculate the fees based on the higher value between the guideline and the sale price. This ensures that the registration process is transparent and fair for all parties involved.

Frequently asked questions

What is the current guideline value of A B Nagar West?

The current guideline value of A B Nagar West 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 increased to Rs 630 per sq.ft in 2023, and finally to Rs 716 per sq.ft in 2024.

What are the stamp duty and registration fees for property in A B Nagar West?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,16,000, with a stamp duty of Rs 50,120 and a registration fee of Rs 14,320, totaling Rs 64,440.

Which Sub Registrar Office covers A B Nagar West?

The Tiruppur Joint II Sub Registrar Office covers A B Nagar West, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of A B Nagar West?

A B Nagar West is classified as Residential Special Type - I, indicating its suitability for residential development within the area.