Guideline Value for A.K.S Nagar

A.K.S Nagar guideline value

The current guideline value of A.K.S Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024. This property is located in the village of A.K.S Nagar and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

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

The guideline value for A.K.S Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 920 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, reflecting a growth of 172%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The subsequent revision in 2017 saw the value rise to Rs 2,500 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,900 per sq.ft, a rise of 16% from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 215%.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, which is equal to the guideline value of A.K.S Nagar.

• Agriculuture College Road Lane: Rs 4,500 per sq.ft (2024)
• Agriculture College Road Main: Rs 4,500 per sq.ft (2024)
• Arunachalam Road lane: Rs 2,900 per sq.ft (2024)
• Arunachalam Street Main: Rs 3,450 per sq.ft (2024)
• Avinashi Road Lane: Rs 5,600 per sq.ft (2024)
• Avinashi Road Main: Rs 5,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, making the total charges Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.K.S Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward-7

The guideline value plays a crucial role in property transactions in Ward-7. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware that the guideline value is the basis for calculating these charges.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of A.K.S Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 920 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, reflecting an overall increase of 215%.

What are the stamp duty rates for properties in A.K.S Nagar?

The stamp duty for properties in A.K.S Nagar is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for A.K.S Nagar?

The Coimbatore North Joint 1 Sub Registrar Office is responsible for A.K.S Nagar, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001.

What is the median guideline value in Ward-7?

The median guideline value in Ward-7 is Rs 2,900 per sq.ft, which is the same as the current guideline value for A.K.S Nagar.