Guideline Value for AJANTHA NAGAR

Ajantha Nagar guideline value

The current guideline value of Ajantha Nagar, located in Somayampalayam village under the Vadavalli SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Ajantha Nagar has changed

The guideline value for Ajantha Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. The value then increased to Rs 500 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 550 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The value increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, placing Ajantha Nagar's 2024 value below this median.

• Akshra Gardens: Rs 550 per sq.ft (2024)
• Adhava City: Rs 550 per sq.ft (2024)
• Alpha Garden: Rs 825 per sq.ft (2024)
• Altrons Gardens: Rs 550 per sq.ft (2024)
• Abirami Garden - II: Rs 690 per sq.ft (2024)
• Abirami Garden - I: Rs 690 per sq.ft (2024)

Stamp duty and registration fee for property in Ajantha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ajantha Nagar?

Ajantha Nagar falls under 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 Somayampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Somayampalayam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately with the government.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ajantha Nagar?

The current guideline value of Ajantha Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Ajantha Nagar?

Ajantha Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Ajantha Nagar?

The registration office for Ajantha Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Ajantha Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.