Guideline Value for AK Nagar

AK Nagar guideline value

The current guideline value of AK Nagar, located in Sanganur, is Rs 1,900 per sq.ft, effective from the 2024 revision. This area falls under the Gandhipuram SRO and is classified as Residential Class I Type - I.

How the guideline value of AK Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The subsequent revisions saw an increase, with the 2023 revision setting the value at Rs 1,500 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 1,900 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 27%. Overall, from 2007 to 2024, the increase is 111%, reflecting a substantial change in the guideline value over the years.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, making AK Nagar's 2024 figure of Rs 1,900 per sq.ft above the median.

• Alagappa Chettiar Road: Rs 2,800 per sq.ft (2024)
• Alagesan Road (1 & 2): Rs 3,360 per sq.ft (2024)
• Agamudaiyar Street: Rs 1,100 per sq.ft (2024)
• Amaravathy Street: Rs 1,120 per sq.ft (2024)
• Ambedkar Street: Rs 1,120 per sq.ft (2024)
• Ambrose Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in AK Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AK Nagar?

The Sub Registrar Office that covers AK Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sanganur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value is referenced to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of AK Nagar?

The current guideline value of AK Nagar is Rs 1,900 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 900 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 111% over the years.

What are the other guideline values in Sanganur?

Other streets in Sanganur have varying guideline values, ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median of Rs 1,120 per sq.ft.

What are the stamp duty and registration fees for property in AK Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,71,000, based on the current guideline value of Rs 19,00,000.

Which office handles property registrations for AK Nagar?

The Gandhipuram Sub Registrar Office handles property registrations for AK Nagar, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.