Guideline Value for AKSHAYA NAGAR

Akshaya Nagar guideline value

The current guideline value of Akshaya Nagar in Nasiyanur(B) village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Perundurai SRO and is classified as Residential Special Type - I.

How the guideline value of Akshaya Nagar has changed

The guideline value for Akshaya Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, indicating a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the guideline value has remained stable at Rs 300 per sq.ft from 2023 to 2024, while the increase from 2017 to 2024 reflects significant growth in the value over the past few years.

Guideline values in Nasiyanur(B)

In Nasiyanur(B), there are 10 streets under the Perundurai SRO with a guideline value for 2024 ranging from Rs 181 to Rs 750 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Akshaya Nagar's 2024 figure above this median.

• Mahareshinagar: Rs 200 per sq.ft (2024)
• Manjal Vaniga Valagam: Rs 750 per sq.ft (2024)
• Sri Amman Nagar: Rs 200 per sq.ft (2024)
• Vasantham City: Rs 200 per sq.ft (2024)
• Ward 5 Vettuvapalayam Main street: Rs 750 per sq.ft (2024)
• Ward 6 Thottipalayam: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Akshaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akshaya Nagar?

The Sub Registrar Office that covers Akshaya Nagar is the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nasiyanur(B)

The guideline value plays a crucial role in the registration of property transactions in Nasiyanur(B). It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Akshaya Nagar?

The current guideline value of Akshaya Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024. There was no change from 2023 to 2024.

What is the land classification for Akshaya Nagar?

Akshaya Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Akshaya Nagar is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

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

The Sub Registrar Office for Akshaya Nagar is located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone. You can find more information by visiting the appropriate link.