Guideline Value for A.C MANI (A) NAGAR

A.C Mani (A) Nagar guideline value

The current guideline value of A.C Mani (A) Nagar is Rs 334 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the jurisdiction of the Kangeyam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of A.C Mani (A) Nagar has changed

The guideline value for A.C Mani (A) Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 84 per sq.ft. This figure increased dramatically to Rs 300 per sq.ft in the 2023 revision, marking a 257% increase. The most recent revision in 2024 shows a further increase to Rs 334 per sq.ft, which is an 11% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 298%. It's important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft as of 2024. The median guideline value for these streets is Rs 448 per sq.ft, placing A.C Mani (A) Nagar's current value below this median.

• A.C Mani (B) Nagar: Rs 334 per sq.ft (2024)
• A.C.Nagar ( Chinaipudur): Rs 334 per sq.ft (2024)
• A.C.Nagar ( Covai Road): Rs 338 per sq.ft (2024)
• A.C.Vengu Nagar: Rs 332 per sq.ft (2024)
• Aditya Garden Phase-2: Rs 616 per sq.ft (2024)
• Agasthilingampalayam: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in A.C Mani (A) Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 334 per sq.ft, the total guideline value amounts to Rs 3,34,000. The stamp duty at 7% would be Rs 23,380, while the registration fee at 2% would be Rs 6,680. Together, these fees would total Rs 30,060. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.C Mani (A) Nagar?

The Sub Registrar Office that covers A.C Mani (A) Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kangeyam. It is used as a benchmark for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their transactions.

When a property is registered, the guideline value is considered to determine the applicable duties. This ensures that the transaction is recorded accurately and reflects the value of the property as recognized by the government.

Frequently asked questions

What is the current guideline value of A.C Mani (A) Nagar?

The current guideline value of A.C Mani (A) Nagar is Rs 334 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 84 per sq.ft to Rs 334 per sq.ft in 2024, marking a total increase of 298% over this period.

What are the stamp duty and registration fees for property in A.C Mani (A) Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,34,000. The stamp duty at 7% is Rs 23,380, and the registration fee at 2% is Rs 6,680, totaling Rs 30,060.

Which office handles property registrations for A.C Mani (A) Nagar?

The Kangeyam Sub Registrar Office handles property registrations for A.C Mani (A) Nagar, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is the guideline value determined for properties in Kangeyam?

The guideline value is determined by the Registration Department and is based on various factors including land classification and historical data. It serves as a reference for calculating stamp duty and registration fees during property transactions.