Guideline Value for ACC NAGAR

Acc Nagar guideline value

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

How the guideline value of Acc Nagar has changed

The guideline value for Acc 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, it then decreased to Rs 837 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 1,250 per sq.ft in 2023, and finally, it reached Rs 1,400 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 100%. It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 value for these streets is Rs 1,120 per sq.ft, placing Acc Nagar's 2024 figure above this median.

• Acc Nagar.Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Acc Nagar.N.M.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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, while the registration fee at 2% would be Rs 28,000. Together, these fees total Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Acc Nagar?

The Sub Registrar Office that covers Acc Nagar is the Ganapathy Sub Registrar Office, 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 is a crucial factor during property transactions in Ganapathy. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will charge duties based on the higher of the guideline value or the sale price.

This system ensures that the state collects appropriate revenue through stamp duties and registration fees, which are calculated based on the established guideline values. Buyers should be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Acc Nagar?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 1,400 per sq.ft in 2024, marking an overall increase of 100%.

What are the other streets with the same guideline value in Ganapathy?

Other streets in Ganapathy with the same guideline value of Rs 1,400 per sq.ft include Acc Nagar.Ambal Nagar and Acc Nagar.N.M.Nagar.

What is the registration fee for property in Acc Nagar?

The registration fee for property in Acc Nagar is 2% of the guideline value. For a property valued at Rs 14,00,000, the registration fee would be Rs 28,000.

Where can I find the Sub Registrar Office for Acc Nagar?

The Sub Registrar Office for Acc Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.