Guideline Value for A.K.G.Nagar

A.K.G.Nagar guideline value

The current guideline value of A.K.G.Nagar in Uppilipalayam village, under the Singanallur SRO, is Rs 1,680 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

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

The guideline value for A.K.G.Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further rose to Rs 1,680 per sq.ft in 2024, marking a 12% increase from the previous year.

Examining the changes, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a 12% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value is Rs 1,232 per sq.ft, placing A.K.G.Nagar's 2024 figure above this median.

• Akash Homes (Kallimadai0: Rs 1,680 per sq.ft (2024)
• Ahuja Haven: Rs 2,016 per sq.ft (2024)
• Agraharam South: Rs 1,680 per sq.ft (2024)
• Agathiar nagar / Street: Rs 1,680 per sq.ft (2024)
• Alamelu Nagar: Rs 1,120 per sq.ft (2024)
• Aerodrom Rd Bharthi nagar: Rs 1,120 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 guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty, calculated at 7%, would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total fees to Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

A.K.G.Nagar falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Uppilipalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for completing the transaction. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,680 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the registration office for A.K.G.Nagar?

The registration office for A.K.G.Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for A.K.G.Nagar?

Stamp duty for A.K.G.Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,17,600 based on the current guideline value.

What are the other streets in Uppilipalayam with similar guideline values?

Other streets in Uppilipalayam include Akash Homes, Ahuja Haven, Agraharam South, and Agathiar nagar, with guideline values ranging from Rs 1,120 to Rs 2,016 per sq.ft.