Guideline Value for AKSAYA GARDEN

Aksaya Garden guideline value

The current guideline value of Aksaya Garden is Rs 280 per sq.ft, effective from 1 July 2024. This property is located in Veerapandi village, under the Periyanayakkan Palayam SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Aksaya Garden has changed

The guideline value for Aksaya Garden has seen several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 250 per sq.ft. This figure remained until 2017, when it dropped to Rs 167 per sq.ft, marking a decrease of 33%. Following this, the value increased significantly to Rs 250 per sq.ft in 2023, and then further rose to Rs 280 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

From 2017 to 2023, there was a notable increase of 50%, bringing the guideline value back up to Rs 250 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 12%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, and 2007.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,050 per sq.ft as of 2024. The median guideline value for these streets is Rs 330 per sq.ft, indicating that Aksaya Garden's 2024 figure of Rs 280 per sq.ft is below this median.

• Abirami Nagar: Rs 220 per sq.ft (2024)
• Amman Avenue: Rs 235 per sq.ft (2024)
• Amman Kovil Thota Sandhu: Rs 220 per sq.ft (2024)
• Amman Nagar: Rs 280 per sq.ft (2024)
• A.M.S.Garden: Rs 390 per sq.ft (2024)
• Aniiv Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Aksaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, while the registration fee at 2% would be Rs 5,600, bringing the total fees together to Rs 25,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aksaya Garden?

The Sub Registrar Office that covers Aksaya Garden is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Veerapandi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is documented accurately and complies with local regulations.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the value of the property in the market. It helps in establishing a fair basis for negotiations and ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Aksaya Garden?

The current guideline value of Aksaya Garden is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What are the other streets in Veerapandi and their guideline values?

Other streets in Veerapandi include Abirami Nagar at Rs 220 per sq.ft, Amman Avenue at Rs 235 per sq.ft, and A.M.S.Garden at Rs 390 per sq.ft, among others.

What fees are associated with buying property in Aksaya Garden?

When buying property in Aksaya Garden, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aksaya Garden?

The Sub Registrar Office for Aksaya Garden is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.