Guideline Value for ACC NAGAR.N.M.NAGAR

Acc Nagar.N.M.Nagar guideline value

The current guideline value for Acc Nagar.N.M.Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This property is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Acc Nagar.N.M.Nagar has changed

The guideline value for Acc Nagar.N.M.Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft. This increased to Rs 1,250 per sq.ft in 2012, marking a significant rise of 79%. However, the value decreased to Rs 837 per sq.ft in 2017, reflecting a drop of 33%. The value then rose sharply to Rs 1,250 per sq.ft in 2023, before reaching the current rate of Rs 1,400 per sq.ft in 2024, which is a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 100%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, making the current value for Acc Nagar.N.M.Nagar above this median.

• Acc Nagar.Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Acc Nagar: Rs 1,400 per sq.ft (2024)
• Abiraminagar North Side: Rs 1,010 per sq.ft (2024)
• Abirami Nagar: Rs 1,010 per sq.ft (2024)
• Alamarathottam: Rs 1,010 per sq.ft (2024)
• Alamelu Mangapuram.Thiruvenkatasamy Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Acc Nagar.N.M.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. Please 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 Acc Nagar.N.M.Nagar?

The Ganapathy Sub Registrar Office covers Acc Nagar.N.M.Nagar. The office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ganapathy. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives due revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. The guideline value reflects the government's assessment of property values in the area, providing a basis for taxation during the registration process.

Frequently asked questions

What is the current guideline value of Acc Nagar.N.M.Nagar?

The current guideline value of Acc Nagar.N.M.Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 700 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting a 100% increase overall.

What is the land classification for Acc Nagar.N.M.Nagar?

Acc Nagar.N.M.Nagar is classified as Residential Class I Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%.