Guideline Value for A B NAGAR

A B Nagar guideline value

The current guideline value of A B Nagar, located in Velampalayam village, is Rs 715 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of A B Nagar has changed

The guideline value for A B Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 715 per sq.ft, marking a 19% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 19%. The changes between the revisions are notable, with a significant increase of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. 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, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for the village is Rs 711 per sq.ft, placing A B Nagar's 2024 figure above this median.

• A B Nagar 1st St: Rs 716 per sq.ft (2024)
• A B Nagar 2nd St: Rs 716 per sq.ft (2024)
• A B Nagar West: Rs 716 per sq.ft (2024)
• Abirami Nagar: Rs 709 per sq.ft (2024)
• Ace City Garden(Annaipalayam): Rs 711 per sq.ft (2024)
• Aavinan Kudi: Rs 707 per sq.ft (2024)

Stamp duty and registration fee for property in A B Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, while the registration fee at 2% would be Rs 14,300, bringing the total fees to Rs 64,350. Stamp duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A B Nagar?

A B Nagar 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 a crucial factor when buying or selling property in Velampalayam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair valuation, reflecting the local market conditions. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of A B Nagar?

The current guideline value of A B Nagar is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 715 per sq.ft in 2024.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, with A B Nagar's current value being above this median.

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

For a property valued at Rs 7,15,000, the stamp duty would be Rs 50,050 and the registration fee would be Rs 14,300, totaling Rs 64,350.

Which office handles property registrations for A B Nagar?

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