Guideline Value for A K R GARDEN

A K R Garden guideline value

The current guideline value of A K R Garden is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Ward - O village, under the Tiruppur Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of A K R Garden has changed

The guideline value for A K R Garden has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,400 per sq.ft, which was then increased by 10% to Rs 1,540 per sq.ft in the 2024 revision.

This change reflects a significant adjustment in the guideline value, moving from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a clear increase in the value assigned to this property.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing A K R Garden's 2024 figure above this median.

• Ammaniammal East west Street: Rs 880 per sq.ft (2024)
• Ammaniammal layout: Rs 880 per sq.ft (2024)
• Ammaniammal Layout IInd Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout Ist Street: Rs 880 per sq.ft (2024)
• Ammaniammal Layout main road: Rs 880 per sq.ft (2024)
• Annamar colony: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in A K R Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A K R Garden?

The Sub Registrar Office that covers A K R Garden 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 information.

How the guideline value is used when you buy or sell in Ward - O

The guideline value is a crucial factor in the registration of property transactions in Ward - O. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of A K R Garden?

The current guideline value of A K R Garden is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for A K R Garden?

A K R Garden is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for A K R Garden?

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

How is stamp duty calculated for properties in A K R Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,540 per sq.ft would incur a total stamp duty of Rs 1,07,800.