Guideline Value

Corporate

Guideline Value for A.K.S. Nagar

₹260/sq.ft.

The guideline value for A.k.s. Nagar in Narasimmanaickenpalayam village (Periyanayakkan Palayam SRO, Coimbatore zone) is Rs 260 per sq.ft, effective 1 July 2024. It was Rs 230 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Narasimmanaickenpalayam

Village

Periyanayakkan Palayam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹260 /sq.ft.
From 1-4-2023 ₹230 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹154 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹230 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.171,kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020
0422-2469010
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on A.k.s. Nagar

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A.K.S. Nagar guideline value

The current guideline value of A.K.S. Nagar, located in Narasimmanaickenpalayam village, is Rs 260 per sq.ft, effective from 1 July 2024. This area falls under the Periyanayakkan Palayam SRO and is classified as Residential Class II Type - I.

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

Over the years, the guideline value for A.K.S. Nagar has seen several revisions. The 2012 revision set the value at Rs 230 per sq.ft, which was then reduced to Rs 154 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 230 per sq.ft in the 2023 revision, and finally, it rose to Rs 260 per sq.ft in the 2024 revision. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

In terms of percentage changes, the guideline value increased by 13% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a decline of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value in this area is Rs 310 per sq.ft, placing A.K.S. Nagar's 2024 figure below the median.

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 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, making the total fees together Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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 Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Narasimmanaickenpalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2012 to Rs 154 per sq.ft in 2017, then increased to Rs 230 per sq.ft in 2023, and finally to Rs 260 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in A.K.S. Nagar?

For a property valued at Rs 2,60,000, the stamp duty would be Rs 18,200, and the registration fee would be Rs 5,200, totaling Rs 23,400.

Which office handles property registrations for A.K.S. Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for A.K.S. Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revision figures. It serves as a standard for property registration in the area.