Guideline Value for A.T.R.NAGAR

A.T.R.Nagar guideline value

The current guideline value of A.T.R.Nagar, located in Krinshnarayapuram village under the Peelamedu SRO, is Rs 1,005 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of A.T.R.Nagar has changed

The guideline value for A.T.R.Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the Rs 670 per sq.ft recorded in the 2017 revision. The 2023 revision noted a slight increase to Rs 1,000 per sq.ft, which then rose by 1% to Rs 1,005 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Krinshnarayapuram

Krinshnarayapuram contains 57 streets under the Peelamedu SRO, with a 2024 guideline value range from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,005 per sq.ft, making A.T.R.Nagar's current value equal to this median.

• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• A.R.Subbiah Naidu Street: Rs 1,005 per sq.ft (2024)
• Arasamara Street: Rs 1,005 per sq.ft (2024)
• Balasundaram Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in A.T.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, while the registration fee at 2% would be Rs 20,100, bringing the total fees to Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.T.R.Nagar?

The A.T.R.Nagar area falls under the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Krinshnarayapuram

The guideline value is a crucial factor when registering property transactions in Krinshnarayapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that both the government and the buyer are aware of the fair value of the property being transferred.

Frequently asked questions

What is the current guideline value of A.T.R.Nagar?

The current guideline value of A.T.R.Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase of 1% from Rs 1,000 per sq.ft in 2023 to Rs 1,005 per sq.ft in 2024. The value has increased overall by 1% from 2012 to 2024.

What is the land classification of A.T.R.Nagar?

A.T.R.Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property in A.T.R.Nagar?

The stamp duty for property transactions in A.T.R.Nagar is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for A.T.R.Nagar?

The Peelamedu Sub Registrar Office, which covers A.T.R.Nagar, is located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more information by visiting the relevant link.