Guideline Value for A.V.T.NAGAR

A.V.T.Nagar guideline value

The current guideline value of A.V.T.Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

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

Over the years, the guideline value of A.V.T.Nagar has seen significant changes. The register shows that in 2012, the guideline value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 319%, bringing the value up to Rs 700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 708 per sq.ft, reflecting a 1% increase 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 183%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing A.V.T.Nagar's 2024 figure below that median.

• Ayesha Nagar: Rs 704 per sq.ft (2024)
• Atthin Anbu Nagar: Rs 704 per sq.ft (2024)
• Atthimarathu Pudur: Rs 708 per sq.ft (2024)
• Balabakkiya Nagar: Rs 728 per sq.ft (2024)
• Balaji Nagar: Rs 714 per sq.ft (2024)
• Arun Garden: Rs 708 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 708 per sq.ft, the guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total to Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers A.V.T.Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Nallur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with the regulatory requirements.

During the registration process, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

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

The current guideline value of A.V.T.Nagar is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, representing an overall increase of 183% over this period.

What are the stamp duty and registration fees for property in A.V.T.Nagar?

For a 1,000 sq.ft plot valued at Rs 7,08,000, the stamp duty would be Rs 49,560, and the registration fee would be Rs 14,160, totaling Rs 63,720.

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

The Nallur_Tiruppur Sub Registrar Office covers A.V.T.Nagar, located near Hotel Riverview, Nagapattinam 611002.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.