Guideline Value for A.S PANDIT NAGAR

A.S Pandit Nagar guideline value

The current guideline value of A.S Pandit Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under Ward - F village, governed by the Tiruppur Joint II SRO, and is classified as Residential Class II Type - I.

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

Over the years, the guideline value of A.S Pandit Nagar has seen significant changes. The earliest recorded revision is from 2007, where the value was Rs 155 per sq.ft. This increased to Rs 450 per sq.ft in 2012, marking a 190% rise. However, it then decreased to Rs 301 per sq.ft in 2017, a decline of 33%. Following this, the value surged to Rs 700 per sq.ft in 2023, reflecting a substantial increase of 133%. The most recent revision in 2024 has set the guideline value at Rs 705 per sq.ft, a modest increase of 1% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 355%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft, with a median value of Rs 706 per sq.ft. A.S Pandit Nagar's current value is slightly below this median.

• A.S Pandit Nagar East: Rs 705 per sq.ft (2024)
• Bagavan Nagar: Rs 703 per sq.ft (2024)
• BAGAVATHI AMMAN KOIL street: Rs 701 per sq.ft (2024)
• Bagavathi Nagar: Rs 704 per sq.ft (2024)
• Andikkadu (Karumarampalayam): Rs 705 per sq.ft (2024)
• Anaikadu: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total fees together to Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.S Pandit Nagar?

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

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

The guideline value plays a crucial role during the registration of property transactions in Ward - F. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the overall cost of property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of A.S Pandit Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 155 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, which is a total increase of 355% over the years.

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

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

Where is the Sub Registrar Office for A.S Pandit Nagar located?

The Sub Registrar Office covering A.S Pandit Nagar is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for A.S Pandit Nagar?

A.S Pandit Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.