Guideline Value for A.B.NAGAR

A.B.Nagar guideline value

The current guideline value of A.B.Nagar is Rs 713 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Nallur_Tiruppur SRO, classified as Residential Class III Type - I.

How the guideline value of A.B.Nagar has changed

The guideline value for A.B.Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 160 per sq.ft, which increased to Rs 201 per sq.ft in 2017, marking a 26% rise. The value then surged to Rs 700 per sq.ft in the 2023 revision, reflecting a remarkable increase of 248% from the previous figure.

The most recent revision in 2024 has set the guideline value at Rs 713 per sq.ft, which is a 2% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 346%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value for A.B.Nagar is above this median.

• Abirami Nagar(475/2): Rs 713 per sq.ft (2024)
• Abirami Nagar: Rs 713 per sq.ft (2024)
• Alankadu: Rs 713 per sq.ft (2024)
• Amaravathi Nagar: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn.: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): Rs 715 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 rate of Rs 713 per sq.ft, the guideline value amounts to Rs 7,13,000. The stamp duty at 7% would be Rs 49,910, and the registration fee at 2% would be Rs 14,260, totaling Rs 64,170. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.B.Nagar?

The A.B.Nagar area falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Veerapandi

The guideline value is essential during property transactions in Veerapandi, as it determines the minimum price at which a property can be registered. When buying or selling property, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

It is important for buyers and sellers to be aware of the guideline value, as it impacts the overall costs involved in the transaction. Ensuring compliance with the guideline value helps in smooth registration processes at the Nallur_Tiruppur SRO.

Frequently asked questions

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

The current guideline value of A.B.Nagar is Rs 713 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 160 per sq.ft in 2007 to Rs 713 per sq.ft in 2024, marking an overall increase of 346% over the years.

What is the land classification of A.B.Nagar?

A.B.Nagar is classified as Residential Class III Type - I under the Nallur_Tiruppur SRO.

What is the registration office for A.B.Nagar?

The registration office covering A.B.Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

How is stamp duty calculated in A.B.Nagar?

Stamp duty in A.B.Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.