Guideline Value for AARK Nagar

AARK Nagar guideline value

The current guideline value of AARK Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - III.

How the guideline value of AARK Nagar has changed

The guideline value of AARK Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 125 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a rise of 460%. However, from 2012 to 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then increased substantially to Rs 1,000 per sq.ft in 2023, representing a 113% increase. The most recent revision in 2024 set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for AARK Nagar. Overall, from 2007 to 2024, the guideline value has increased by 701%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which means AARK Nagar's 2024 figure is below this median.

• Aandavar Street: Rs 1,001 per sq.ft (2024)
• Aavishkar Naruvi: Rs 1,003 per sq.ft (2024)
• Abirami Nagar: Rs 1,100 per sq.ft (2024)
• Abirami Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• Abirami Nagar (ward No. 18): Rs 1,100 per sq.ft (2024)
• A.D. Colony (WARD 1): Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in AARK Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AARK Nagar?

AARK Nagar is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vadavalli. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of AARK Nagar?

The current guideline value of AARK Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 125 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 701% from 2007 to 2024.

What are the stamp duty and registration fees for AARK Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090 based on the guideline value.

Which office handles property registrations in AARK Nagar?

The Vadavalli Sub Registrar Office handles property registrations for AARK Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the significance of the guideline value in property transactions?

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