Guideline Value for AZHAGAR NAGAR

Azhagar Nagar guideline value

The current guideline value of Azhagar Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Gobi Town Veerapandi Ward B Block - 23 and falls under the Gobichettipalayam Joint I SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Azhagar Nagar has changed

Over the years, the guideline value of Azhagar Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and it has now risen to Rs 660 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value dropped by 33%, but it rebounded with a 49% increase from 2017 to 2023. The overall change from the 2012 revision to the current 2024 revision reflects a 10% increase, bringing the guideline value back to Rs 660 per sq.ft, which is also the median value for the village.

Guideline values in Gobi Town Veerapandi Ward B Block - 23

In Gobi Town Veerapandi Ward B Block - 23, there are six streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 986 per sq.ft. Azhagar Nagar's 2024 figure of Rs 660 per sq.ft is equal to the median value of the area.

• Angalamman Nagar: Rs 660 per sq.ft (2024)
• Chellappan Layout / Chellappa Nagar: Rs 986 per sq.ft (2024)
• Kodeswara Nagar Extension: Rs 330 per sq.ft (2024)
• Roja Nagar: Rs 330 per sq.ft (2024)
• Thirumalai Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees together Rs 59,400. 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 further calculations.

Which Sub Registrar Office covers Azhagar Nagar?

The Sub Registrar Office that covers Azhagar Nagar is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Gobi Town Veerapandi Ward B Block - 23

The guideline value is an essential factor during property registration in Gobi Town Veerapandi Ward B Block - 23. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official registry.

When buyers and sellers engage in a property transaction, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Azhagar Nagar?

The current guideline value of Azhagar Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase. It was Rs 402 per sq.ft in 2017, which was a 49% increase from the previous value.

What are the other streets in Gobi Town Veerapandi Ward B Block - 23?

Other streets in Gobi Town Veerapandi Ward B Block - 23 include Angalamman Nagar, Chellappan Layout / Chellappa Nagar, Kodeswara Nagar Extension, Roja Nagar, and Thirumalai Nagar, with varying guideline values.

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

The Gobichettipalayam Joint I Sub Registrar Office covers Azhagar Nagar, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is the stamp duty calculated for properties in Azhagar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.