Guideline Value for AATHIS NAGAR

Aathis Nagar guideline value

The current guideline value of Aathis Nagar, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 708 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - II land classification.

How the guideline value of Aathis Nagar has changed

The guideline value of Aathis Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 375 per sq.ft, which then increased to Rs 251 per sq.ft in 2017. The value then rose significantly to Rs 375 per sq.ft in 2023, and most recently to Rs 708 per sq.ft in 2024, marking an increase of 89% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 89%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The 2023 revision saw a 49% increase from 2017, while the 2012 to 2017 period experienced a decrease of 33% in the guideline value.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for the village is Rs 711 per sq.ft, making Aathis Nagar's current value of Rs 708 per sq.ft slightly below this median.

• Aathupalayam Road: Rs 715 per sq.ft (2024)
• Aavinan Kudi: Rs 707 per sq.ft (2024)
• Aaravamudhan Avenue: Rs 716 per sq.ft (2024)
• Abirami Nagar: Rs 709 per sq.ft (2024)
• A B Nagar: Rs 715 per sq.ft (2024)
• A B Nagar 1st St: Rs 716 per sq.ft (2024)

Stamp duty and registration fee for property in Aathis Nagar

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

Which Sub Registrar Office covers Aathis Nagar?

The Sub Registrar Office that covers Aathis Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Velampalayam

The guideline value plays a crucial role in property transactions in Velampalayam. It is used to determine the stamp duty and registration fees that must be paid during the registration of property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

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 and fees. This ensures that all transactions are fairly assessed and documented according to the established guidelines.

Frequently asked questions

What is the current guideline value of Aathis Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 375 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, representing an overall increase of 89% during this period.

What are the registration fees for property in Aathis Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Aathis Nagar?

The Tiruppur Joint II Sub Registrar Office handles property registrations in Aathis Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, while Aathis Nagar's current value is slightly below this at Rs 708 per sq.ft.