Guideline Value for ATHAVAN NAGAR

Athavan Nagar guideline value

The current guideline value of Athavan Nagar is Rs 713 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Nallur_Tiruppur SRO, classified as Residential Class III Type - I.

How the guideline value of Athavan Nagar has changed

The guideline value for Athavan Nagar has seen several revisions over the years. In 2007, the value was set at Rs 220 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, it saw a significant drop of 33% to Rs 201 per sq.ft in 2017. The value then rose sharply by 248% to Rs 700 per sq.ft in 2023, and most recently, it increased by 2% to the current value of Rs 713 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 224%. Each revision reflects changes in the local real estate landscape, with the latest figure indicating a steady rise in value for this area.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft, with a median value of Rs 709 per sq.ft. Athavan Nagar's current guideline value is above this median.

• Asiriyar Colony: Rs 709 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Arun Nagar: Rs 713 per sq.ft (2024)
• Aruljothi Nagar: Rs 713 per sq.ft (2024)
• Ayyavu Nagar: Rs 718 per sq.ft (2024)
• Arigar Anna Nagar: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Athavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 713 per sq.ft, the total guideline value amounts to Rs 7,13,000. The stamp duty at 7% would be Rs 49,910, and the registration fee at 2% would be Rs 14,260, bringing the total fees to Rs 64,170. 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 calculations.

Which Sub Registrar Office covers Athavan Nagar?

The Sub Registrar Office covering Athavan Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Veerapandi

The guideline value is a crucial factor in the registration process when buying or selling property in Veerapandi. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the current value of the property.

When a property is sold, the guideline value helps to establish a fair price for the transaction, which is essential for legal documentation and taxation purposes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Athavan Nagar?

The current guideline value of Athavan Nagar is Rs 713 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 220 per sq.ft in 2007 to Rs 713 per sq.ft in 2024, reflecting an overall increase of 224% over the years.

What is the stamp duty for property in Athavan Nagar?

The stamp duty for property in Athavan Nagar is 7% of the guideline value. For a property valued at Rs 7,13,000, the stamp duty would be Rs 49,910.

Which Sub Registrar Office covers Athavan Nagar?

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

What are the guideline values of other streets in Veerapandi?

Other streets in Veerapandi have varying guideline values, with rates ranging from Rs 700 to Rs 2,750 per sq.ft. For example, Asiriyar Colony and Avinasiyappa Lay Out both have a guideline value of Rs 709 per sq.ft in 2024.