Guideline Value for A.K.Nagar

A.K.Nagar guideline value

The current guideline value of A.K.Nagar is Rs 675 per sq.ft, effective from 1 July 2024. This village falls under the Pollachi SRO and is classified as Residential Class IV Type - I.

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

The guideline value for A.K.Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 278 per sq.ft. This increased to Rs 485 per sq.ft in 2007, followed by a rise to Rs 675 per sq.ft in 2012. However, it decreased to Rs 452 per sq.ft in 2017. The 2023 revision maintained the value at Rs 675 per sq.ft, and the current 2024 revision also stands at Rs 675 per sq.ft. The register has no figure for this street in 2002.

When looking at the changes, from 2003 to 2007, there was an increase of 74%. The value then decreased by 33% from 2012 to 2017. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2003 to 2024, the guideline value has increased by 143%.

Guideline values in Ward 4

In Ward 4, a total of 116 streets under the Pollachi SRO have a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median of Rs 675 per sq.ft. A.K.Nagar's 2024 guideline value is equal to this median.

• A.K.Muthukumarasamy Layout: Rs 675 per sq.ft (2024)
• A.K.S.Layout: Rs 420 per sq.ft (2024)
• Alagu Nagar: Rs 675 per sq.ft (2024)
• ACMAMill Road: Rs 1,426 per sq.ft (2024)
• Abdhulkam Aasath Street: Rs 1,500 per sq.ft (2024)
• Anbu Nagar: Rs 675 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 675 per sq.ft, the guideline value amounts to Rs 6,75,000. The stamp duty at 7% would be Rs 47,250, and the registration fee at 2% would be Rs 13,500, totaling Rs 60,750. 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 details.

Which Sub Registrar Office covers A.K.Nagar?

The Sub Registrar Office that covers A.K.Nagar is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a critical factor in the registration process when buying or selling property in Ward 4. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of A.K.Nagar is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 278 per sq.ft in 2003, reaching Rs 675 per sq.ft in 2012, dropping to Rs 452 per sq.ft in 2017, and then stabilizing at Rs 675 per sq.ft in 2023 and 2024.

What is the classification of land in A.K.Nagar?

A.K.Nagar is classified as Residential Class IV Type - I under the Pollachi SRO.

Where can I find the Sub Registrar Office for A.K.Nagar?

The Sub Registrar Office for A.K.Nagar is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is the stamp duty calculated in A.K.Nagar?

The stamp duty in A.K.Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,75,000, the stamp duty would be Rs 47,250 at 7%.