Guideline Value for AKASH NAGAR

Akash Nagar guideline value

The current guideline value of Akash Nagar is Rs 704 per sq.ft, effective from 1 July 2024. This area is located in Nallur village and falls under the Nallur_Tiruppur SRO. The land classification for this locality is Residential Class IV Type - II.

How the guideline value of Akash Nagar has changed

The guideline value of Akash Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased to Rs 185 per sq.ft in 2012. However, there was a significant drop in 2017, bringing the value down to Rs 124 per sq.ft. This was followed by a substantial increase to Rs 700 per sq.ft in 2023, marking a 465% rise from the 2017 figure. The most recent revision in 2024 has seen a slight increase to Rs 704 per sq.ft, reflecting a 1% change from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 604%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with the 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Akash Nagar's 2024 figure below this median.

• A.E.S.Royal Garden Extn.: Rs 721 per sq.ft (2024)
• A.E.S.Royal Garden: Rs 721 per sq.ft (2024)
• Aleep Garden: Rs 702 per sq.ft (2024)
• Amarjothi Aruna Nagar: Rs 702 per sq.ft (2024)
• Amarjothi A.S.Nagar: Rs 1,155 per sq.ft (2024)
• Amarjothi Brindhavan Gardens: Rs 712 per sq.ft (2024)

Stamp duty and registration fee for property in Akash Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value would be Rs 7,04,000. The stamp duty at 7% would amount to Rs 49,280, and the registration fee at 2% would be Rs 14,080. Together, the total cost for these fees would be Rs 63,360. It is important to note that 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 information.

Which Sub Registrar Office covers Akash Nagar?

The Sub Registrar Office that covers Akash Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Akash Nagar?

The current guideline value of Akash Nagar is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 100 per sq.ft in 2007 to Rs 704 per sq.ft in 2024, representing an overall increase of 604%.

What are the guideline values for other streets in Nallur?

Other streets in Nallur have varying guideline values, with rates ranging from Rs 700 to Rs 1,764 per sq.ft in 2024. The median value for these streets is Rs 714 per sq.ft.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 63,360 based on the current guideline value.

Which Sub Registrar Office covers Akash Nagar?

The Nallur_Tiruppur Sub Registrar Office covers Akash Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.