Guideline Value for A.K.S.Layout

A.K.S.Layout guideline value

The current guideline value of A.K.S.Layout is Rs 420 per sq.ft, effective from 1 July 2024. This street is located in Ward 4 village under the Pollachi SRO and is classified as Residential Class IV Type - II.

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

The guideline value for A.K.S.Layout has seen several revisions over the years. In 2003, the value was Rs 247 per sq.ft, which increased to Rs 285 per sq.ft in 2007. The 2012 revision brought the value up to Rs 420 per sq.ft, marking a significant increase of 47% from the previous revision. However, in 2017, the value dropped to Rs 281 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 420 per sq.ft, and this remains unchanged in the 2024 revision.

Overall, from 2003 to 2024, the guideline value has increased by 70%. Notably, the register has no figure for the year 2002 for this street.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 675 per sq.ft, placing A.K.S.Layout's 2024 figure below this median.

• A.K.Nagar: Rs 675 per sq.ft (2024)
• A.K.Muthukumarasamy Layout: Rs 675 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.S.Layout

For a 1,000 sq.ft plot at the current rate of Rs 420 per sq.ft, the guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, while the registration fee at 2% would be Rs 8,400, making the total Rs 37,800. It is important to note that 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.Layout?

The A.K.S.Layout is covered by 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 an essential factor in the registration process when buying or selling property in Ward 4. It is used to calculate the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

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

The current guideline value of A.K.S.Layout is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, starting from Rs 247 per sq.ft in 2003 to Rs 420 per sq.ft in 2012, then dropping to Rs 281 per sq.ft in 2017, and returning to Rs 420 per sq.ft in 2023 and 2024.

What is the median guideline value in Ward 4?

The median guideline value in Ward 4 is Rs 675 per sq.ft, while A.K.S.Layout's current value is below this median.

What are the stamp duty rates for property in A.K.S.Layout?

The stamp duty rate for property transactions in A.K.S.Layout is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for A.K.S.Layout?

The Pollachi Sub Registrar Office handles registrations for A.K.S.Layout, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.