Guideline Value for AYESHA NAGAR

Ayesha Nagar guideline value

The current guideline value of Ayesha Nagar is Rs 704 per sq.ft, effective from 1 July 2024. This area is located in Nallur village under the Nallur_Tiruppur SRO, classified as Residential Class IV Type - II.

How the guideline value of Ayesha Nagar has changed

The guideline value for Ayesha Nagar has undergone several revisions over the years. The 2017 revision recorded a value of Rs 124 per sq.ft, which saw a significant increase to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased this value to Rs 704 per sq.ft, reflecting a 1% rise from the previous year.

From 2017 to 2023, the guideline value increased by 465%. Overall, from 2017 to 2024, there has been an increase of 468%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft. The median value for these streets is Rs 714 per sq.ft, positioning Ayesha Nagar's 2024 figure below this median.

• A.V.T.Nagar: Rs 708 per sq.ft (2024)
• Atthin Anbu Nagar: Rs 704 per sq.ft (2024)
• Atthimarathu Pudur: Rs 708 per sq.ft (2024)
• Balabakkiya Nagar: Rs 728 per sq.ft (2024)
• Balaji Nagar: Rs 714 per sq.ft (2024)
• Arun Garden: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Ayesha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 704 per sq.ft, the guideline value amounts to Rs 7,04,000. The stamp duty at 7% would be Rs 49,280, and the registration fee at 2% would be Rs 14,080, totaling Rs 63,360. 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 details.

Which Sub Registrar Office covers Ayesha Nagar?

Ayesha Nagar falls under 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 Nallur

The guideline value is a critical factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation rather than fluctuating market prices.

When a property is registered, the guideline value is used to assess the applicable fees, which can significantly influence the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to avoid unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Ayesha Nagar?

The current guideline value of Ayesha Nagar is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 124 per sq.ft in 2017 to Rs 704 per sq.ft in 2024, marking an overall increase of 468% over this period.

What are the guideline values for other streets in Nallur?

Other streets in Nallur have varying guideline values, with rates ranging from Rs 700 to Rs 1,764 per sq.ft. The median value for these streets is Rs 714 per sq.ft.

What fees are associated with buying property in Ayesha Nagar?

When buying property in Ayesha Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur total fees of Rs 63,360.

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

The Sub Registrar Office covering Ayesha Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002. You can find more information online.