Guideline Value for A.S Nagar

A.S Nagar guideline value

The current guideline value of A.S Nagar, located in Villankuruchicorpration village under the Ganapathy SRO, is Rs 1,004 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of A.S Nagar has changed

The guideline value for A.S Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 149%, bringing the value up to Rs 1,000 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,004 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 67%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, a total of 168 streets fall under the Ganapathy SRO, with the 2024 guideline values ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing A.S Nagar's value above this median.

• A.S.Nagar Lakshmi Gardens: Rs 1,002 per sq.ft (2024)
• Atharsh Gardens: Rs 1,002 per sq.ft (2024)
• Avinashi Road: Rs 5,600 per sq.ft (2024)
• Arima Wake Field: Rs 5,600 per sq.ft (2024)
• Arima Crown Meadows: Rs 2,675 per sq.ft (2024)
• Argus Nagar,Valluvar Nagar,1,2,3 Th Cross: Rs 2,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value would be Rs 10,04,000. The stamp duty, charged at 7%, would amount to Rs 70,280, while the registration fee at 2% would be Rs 20,080. Together, these fees would total Rs 90,360. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.S Nagar?

The Sub Registrar Office that covers A.S Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchicorpration. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of A.S Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 600 per sq.ft to Rs 1,004 per sq.ft in 2024, reflecting an overall increase of 67% over this period.

What is the role of the Ganapathy SRO?

The Ganapathy SRO is responsible for the registration of property transactions in A.S Nagar and surrounding areas, ensuring compliance with local regulations.

What are the stamp duty rates applicable in A.S Nagar?

The stamp duty in A.S Nagar is charged at a rate of 7% on the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%.

Where can I find more information about the guideline values?

For detailed information about guideline values, you can refer to the Registration Department's guideline value register (TNReginet) or visit local government websites.