Guideline Value for A P NAGAR EAST

A P Nagar East guideline value

The current guideline value for A P Nagar East is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the WARD - i village and is classified as Mixed Type - I land. The guideline value is crucial for property transactions in this locality.

How the guideline value of A P Nagar East has changed

Over the years, the guideline value for A P Nagar East has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was later reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value surged by 49%. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value for A P Nagar East.

• A.P Nagar: Rs 1,100 per sq.ft (2024)
• ANNAPOORNA LAYOUT 3rd STREET: Rs 880 per sq.ft (2024)
• ANNAPOORNA LAYOUT 2nd STREET: Rs 880 per sq.ft (2024)
• ANNAPOORNA LAYOUT 1st STREET: Rs 880 per sq.ft (2024)
• Annapoorna Layout: Rs 880 per sq.ft (2024)
• Arullappar Thottam: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in A P Nagar East

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 P Nagar East?

The A P Nagar East area is covered by 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 WARD - i

The guideline value is a critical factor during property registration in WARD - i. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set a realistic price based on the current market conditions.

Frequently asked questions

What is the current guideline value for A P Nagar East?

The current guideline value for A P Nagar East is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for A P Nagar East?

A P Nagar East is classified as Mixed Type - I land, which indicates a diverse use of the area.

Where can I find the registration office for A P Nagar East?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties in WARD - i. It plays a significant role in calculating stamp duty and registration fees during property transactions.