Guideline Value for A K Nagar

A K Nagar guideline value

The current guideline value of A K Nagar, located in Ward - F village under the Tiruppur Joint II SRO, is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of A K Nagar has changed

The guideline value for A K Nagar has undergone several revisions since 2012. In 2012, the guideline value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 133%, bringing the value up to Rs 700 per sq.ft. The most recent revision in 2024 has further increased this to Rs 705 per sq.ft, marking a 1% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 57%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft. The median value for these streets is Rs 706 per sq.ft, positioning A K Nagar's 2024 figure below that median. The following are other streets in Ward - F:

• A.I.T.U.C Colony 4th Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 3rd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 2nd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 1st Street: Rs 880 per sq.ft (2024)
• Ambuli Nagar: Rs 705 per sq.ft (2024)
• Anaikadu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in A K Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, while the registration fee at 2% would be Rs 14,100, bringing the total cost for these fees to Rs 63,450. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A K Nagar?

A K Nagar falls under 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 Ward - F

The guideline value is an essential factor during the registration of property transactions in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. The fees are calculated based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of A K Nagar?

The current guideline value of A K Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 705 per sq.ft in 2024.

What is the land classification of A K Nagar?

A K Nagar is classified under Residential Class II Type - I land classification.

Where can I find the registration office for A K Nagar?

The registration office for A K Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How are stamp duty and registration fees calculated in A K Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000, leading to a total fee of Rs 63,450.