Guideline Value for AKILANDAMMAL NAGAR

Akilandammal Nagar guideline value

The current guideline value of Akilandammal Nagar, located in Neruperichal village under the Tiruppur Joint I SRO, is Rs 705 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Akilandammal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This increased to Rs 201 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the guideline value rose significantly to Rs 705 per sq.ft, reflecting an increase of 251%. The 2023 revision maintained the same value of Rs 705 per sq.ft for the 2024 revision, showing no change.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 135%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,008 per sq.ft. The median guideline value in this village is Rs 705 per sq.ft, which is equal to the guideline value of Akilandammal Nagar.

• Agham Paradise: Rs 705 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• Annai Sathya Colony: Rs 705 per sq.ft (2024)
• Anna Nagar: Rs 896 per sq.ft (2024)
• Avs Naveen Garden: Rs 705 per sq.ft (2024)
• A.V.S Naveen Richland: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Akilandammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, leading to a total of Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akilandammal Nagar?

The Akilandammal Nagar area falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Neruperichal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Akilandammal Nagar?

The current guideline value of Akilandammal Nagar is Rs 705 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 300 per sq.ft to Rs 705 per sq.ft in 2024, marking an overall increase of 135%. The value remained unchanged from 2023 to 2024.

What is the land classification for Akilandammal Nagar?

Akilandammal Nagar is classified as Residential Class I Type - III. This classification indicates the type of development permissible in the area.

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

The Sub Registrar Office covering Akilandammal Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is the stamp duty calculated for properties in Akilandammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,450.