Guideline Value for A.C.VENGU NAGAR

A.C.Vengu Nagar guideline value

The current guideline value of A.C.Vengu Nagar is Rs 332 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of A.C.Vengu Nagar has changed

The guideline value for A.C.Vengu Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This increased to Rs 67 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 300 per sq.ft, reflecting a significant increase of 348%. The most recent revision in 2024 raised the value to Rs 332 per sq.ft, an increase of 11% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for A.C.Vengu Nagar. Overall, from 2012 to 2024, the guideline value has increased by 232%.

Guideline values in Kangeyam

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

• A.C.Nagar ( Covai Road): Rs 338 per sq.ft (2024)
• A.C.Nagar ( Chinaipudur): Rs 334 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.Vengu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 332 per sq.ft, the total guideline value would be Rs 3,32,000. The stamp duty at 7% would amount to Rs 23,240, and the registration fee at 2% would be Rs 6,640, bringing the total fees to Rs 29,880. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.C.Vengu Nagar?

The A.C.Vengu Nagar area is covered by 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 the registration process for buying or selling property in Kangeyam. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's value at the time of the transaction.

Frequently asked questions

What is the current guideline value of A.C.Vengu Nagar?

The current guideline value of A.C.Vengu Nagar is Rs 332 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2012 to Rs 332 per sq.ft in 2024, marking an overall increase of 232% over this period.

What is the stamp duty rate for properties in A.C.Vengu Nagar?

The stamp duty rate for properties in A.C.Vengu Nagar is 7%, based on the higher of the guideline value or the sale price.

Where is the Kangeyam Sub Registrar Office located?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What are the other streets in Kangeyam with their guideline values?

Other streets in Kangeyam include A.C.Nagar (Covai Road) at Rs 338 per sq.ft, A.C.Nagar (Chinaipudur) at Rs 334 per sq.ft, and A.C Mani (A) and (B) Nagar both at Rs 334 per sq.ft, among others.