Guideline Value for A.K.G.NAGAR

A.K.G.Nagar guideline value

The current guideline value of A.K.G.Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of A.K.G.Nagar has changed

The guideline value of A.K.G.Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 605 per sq.ft. This figure increased to Rs 750 per sq.ft in 2012, representing a rise of 24%. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft, marking a decline of 33%. From 2017 to 2023, the guideline value saw a significant increase to Rs 750 per sq.ft, which is a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 840 per sq.ft, which is equal to the guideline value of A.K.G.Nagar.

• Ambethkar Colony: Rs 1,455 per sq.ft (2024)
• Ambethkar Nagar: Rs 1,455 per sq.ft (2024)
• Ambethkar Nagar Colony: Rs 1,455 per sq.ft (2024)
• Anjal Nagar Extn: Rs 1,455 per sq.ft (2024)
• Anna Nagar East: Rs 840 per sq.ft (2024)
• Anna Nagar Extension: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.G.Nagar

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800. Together, the total cost for these fees would be Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.K.G.Nagar?

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

How the guideline value is used when you buy or sell in Ward - E

The guideline value is a crucial factor when registering property transactions in Ward - E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of A.K.G.Nagar?

The current guideline value of A.K.G.Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 39% over the years.

What is the stamp duty rate for property in A.K.G.Nagar?

The stamp duty rate for property transactions in A.K.G.Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for A.K.G.Nagar located?

The Tiruppur Joint I Sub Registrar Office for A.K.G.Nagar is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How can I calculate the total registration fees for a property?

You can calculate the total registration fees by using the guideline value to determine the stamp duty and registration fees. For a detailed calculation, you can use the stamp duty and registration fee calculator.