Guideline Value for A.I.B.E.A NAGR

A.I.B.E.A Nagr guideline value

The current guideline value of A.I.B.E.A Nagr is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Muthanampalayam village and falls under the Tiruppur Joint I SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of A.I.B.E.A Nagr has changed

The guideline value for A.I.B.E.A Nagr has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which was then reduced to Rs 201 per sq.ft in the 2017 revision. However, the value saw a significant increase in the 2023 revision, rising to Rs 300 per sq.ft, and further increased to Rs 708 per sq.ft in the 2024 revision, marking a change of +136% from 2023 to 2024 and +49% from 2017 to 2023. The overall change from the 2012 revision to the 2024 revision is +136%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The value in 2012 was Rs 300 per sq.ft, and the subsequent revisions reflect significant fluctuations in the guideline value.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for A.I.B.E.A Nagr is above this median, reflecting its current valuation.

• A.I.B.E.A Nagar Ext: Rs 711 per sq.ft (2024)
• Alagapuri Nagar: Rs 708 per sq.ft (2024)
• Amaravathi Nagar: Rs 700 per sq.ft (2024)
• Ambal Nagar: Rs 700 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Andhithottam: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in A.I.B.E.A Nagr

For a 1,000 sq.ft plot at the current rate of Rs 708 per sq.ft, the guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total fees to Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on calculating fees.

Which Sub Registrar Office covers A.I.B.E.A Nagr?

The A.I.B.E.A Nagr area is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial aspect when buying or selling property in Muthanampalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of A.I.B.E.A Nagr?

The current guideline value of A.I.B.E.A Nagr is Rs 708 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 708 per sq.ft in 2024. Overall, from 2012 to 2024, the value increased by 136%.

What is the land classification for A.I.B.E.A Nagr?

A.I.B.E.A Nagr is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for A.I.B.E.A Nagr?

The Tiruppur Joint I Sub Registrar Office covers A.I.B.E.A Nagr and is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for property in A.I.B.E.A Nagr?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 at a rate of 7%.