Guideline Value for A.C.NAGAR ( COVAI ROAD)

A.C.Nagar ( Covai Road) guideline value

The current guideline value of A.C.Nagar ( Covai Road) is Rs 338 per sq.ft, effective from 1 July 2024. This property is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - III.

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

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure decreased to Rs 134 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 300 per sq.ft, which is a rise of 124%. The most recent revision in 2024 has further increased the guideline value to Rs 338 per sq.ft, reflecting a change of 13% 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 69%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO with a 2024 guideline value ranging from Rs 331 to Rs 1,120 per sq.ft. The median value for these streets is Rs 448 per sq.ft, placing A.C.Nagar ( Covai Road)'s 2024 figure below this median.

• A.C.Nagar ( Chinaipudur): Rs 334 per sq.ft (2024)
• A.C.Vengu Nagar: Rs 332 per sq.ft (2024)
• A.C Mani (B) Nagar: Rs 334 per sq.ft (2024)
• A.C Mani (A) Nagar: Rs 334 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.Nagar ( Covai Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 338 per sq.ft, the total guideline value amounts to Rs 3,38,000. The stamp duty at 7% would be Rs 23,660, and the registration fee at 2% would be Rs 6,760, bringing the total cost for these fees to Rs 30,420. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.C.Nagar ( Covai Road) 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 during the registration of property transactions in Kangeyam. It serves as a benchmark for determining the minimum value at which 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 is used to assess the applicable fees. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value of A.C.Nagar ( Covai Road) is Rs 338 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 300 per sq.ft in 2023 to Rs 338 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value increased by 69%.

What is the land classification for A.C.Nagar ( Covai Road)?

A.C.Nagar ( Covai Road) is classified as Residential Class II Type - III.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,38,000, the total fees would amount to Rs 30,420.

Where is the Sub Registrar Office for A.C.Nagar ( Covai Road)?

The Sub Registrar Office covering A.C.Nagar ( Covai Road) is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.