Guideline Value for A.E.S.ROYAL GARDEN

A.E.S.Royal Garden guideline value

The current guideline value of A.E.S.Royal Garden, located in Nallur village under the Nallur_Tiruppur SRO, is Rs 721 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of A.E.S.Royal Garden has changed

In the 2012 revision, the guideline value was Rs 570 per sq.ft. This figure decreased to Rs 382 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, reflecting an increase of 83%. The most recent revision in 2024 has set the guideline value at Rs 721 per sq.ft, which is an increase of 3% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 26%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nallur

The village of Nallur has 280 streets under the Nallur_Tiruppur SRO, with guideline values for 2024 ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for the village is Rs 714 per sq.ft, placing A.E.S.Royal Garden's 2024 figure above this median.

• A.E.S.Royal Garden Extn.: Rs 721 per sq.ft (2024)
• Akash Nagar: Rs 704 per sq.ft (2024)
• Abirami Garden.: Rs 704 per sq.ft (2024)
• Aandi Thottam: Rs 701 per sq.ft (2024)
• Aleep Garden: Rs 702 per sq.ft (2024)
• Amarjothi Aruna Nagar: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in A.E.S.Royal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 721 per sq.ft, the total guideline value would be Rs 7,21,000. The stamp duty at 7% would amount to Rs 50,470, and the registration fee at 2% would be Rs 14,420, bringing the total charges to Rs 64,890. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A.E.S.Royal Garden?

The A.E.S.Royal Garden area is covered by the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Nallur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction reflects a fair value as per the state regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value for A.E.S.Royal Garden?

The current guideline value for A.E.S.Royal Garden is Rs 721 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2012 to Rs 721 per sq.ft in 2024, reflecting an overall increase of 26% during this period.

What is the stamp duty rate for properties in A.E.S.Royal Garden?

The stamp duty rate for properties in A.E.S.Royal Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Nallur_Tiruppur Sub Registrar Office located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator available online.