Guideline Value for A.P NAGAR

A.P Nagar guideline value

The current guideline value of A.P Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in WARD - i village under the Tiruppur Joint II SRO, classified as Mixed Type - I land.

How the guideline value of A.P Nagar has changed

Over the years, the guideline value of A.P Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and most recently, it has risen to Rs 1,100 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of A.P Nagar.

• A P Nagar East: Rs 1,100 per sq.ft (2024)
• ANNAPOORNA LAYOUT 3rd STREET: Rs 880 per sq.ft (2024)
• ANNAPOORNA LAYOUT 2nd STREET: Rs 880 per sq.ft (2024)
• ANNAPOORNA LAYOUT 1st STREET: Rs 880 per sq.ft (2024)
• Annapoorna Layout: Rs 880 per sq.ft (2024)
• Arullappar Thottam: Rs 702 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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.P Nagar?

The Sub Registrar Office that covers A.P Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in WARD - i

The guideline value plays a crucial role in the registration process of properties in WARD - i. It is used to determine the stamp duty and registration fees that need to be paid during a property transaction.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It ensures that the transaction is recorded accurately in the official register, reflecting the appropriate value for taxation purposes.

Frequently asked questions

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

The current guideline value of A.P Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the registration office for A.P Nagar?

The registration office for A.P Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is stamp duty calculated in A.P Nagar?

Stamp duty in A.P Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would have a guideline value of Rs 11,00,000.

What are the other streets in WARD - i?

Other streets in WARD - i include A P Nagar East, Annapoorna Layout 1st Street, 2nd Street, 3rd Street, and Arullappar Thottam, with varying guideline values.