Guideline Value for ATHI PARASAKTHI NAGAR

Athi Parasakthi Nagar guideline value

The current guideline value of Athi Parasakthi Nagar is Rs 360 per sq.ft, effective from 1 July 2024. This area is located in Kottur village under the Anaimalai SRO and is classified as Residential Special Type - I.

How the guideline value of Athi Parasakthi Nagar has changed

The guideline value for Athi Parasakthi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 360 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision was recorded at Rs 241 per sq.ft, indicating a decrease of 33% from the previous revision. Following this, the 2023 revision brought the value back up to Rs 360 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 360 per sq.ft.

Guideline values in Kottur

Athi Parasakthi Nagar's guideline value is above the median of Rs 201 per sq.ft for the 286 streets in Kottur under the Anaimalai SRO, which have a 2024 figure ranging from Rs 201 to Rs 450 per sq.ft.

• Arunachalam Nagar: Rs 251 per sq.ft (2024)
• Ariyapuram: Rs 201 per sq.ft (2024)
• Bharath Nagar: Rs 251 per sq.ft (2024)
• Anbu Nagar: Rs 201 per sq.ft (2024)
• Abi Gardens: Rs 361 per sq.ft (2024)
• Cheran Nagar: Rs 360 per sq.ft (2024)

Stamp duty and registration fee for property in Athi Parasakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 360 per sq.ft, the guideline value amounts to Rs 3,60,000. The stamp duty at 7% would be Rs 25,200, and the registration fee at 2% would be Rs 7,200, making the total cost for these fees Rs 32,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athi Parasakthi Nagar?

The Athi Parasakthi Nagar area is covered by the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as the fees are based on an officially recognized value.

Frequently asked questions

What is the current guideline value of Athi Parasakthi Nagar?

The current guideline value of Athi Parasakthi Nagar is Rs 360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 360 per sq.ft in both 2023 and 2024. The value was Rs 241 per sq.ft in 2017, and Rs 360 per sq.ft in 2012.

What is the land classification of Athi Parasakthi Nagar?

Athi Parasakthi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Anaimalai Sub Registrar Office?

The Anaimalai Sub Registrar Office is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

How is stamp duty calculated for properties in Athi Parasakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 360 per sq.ft, the stamp duty would be Rs 25,200.