Guideline Value for AZHAGU NAGAR

Azhagu Nagar guideline value

The current guideline value of Azhagu Nagar is Rs 1,095 per sq.ft, effective from 1 July 2024. This area is located in the village of Chinnavedampatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Azhagu Nagar has changed

The guideline value for Azhagu Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, there was a significant increase to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 1,095 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 174%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft, with the median value being Rs 1,095 per sq.ft. Azhagu Nagar's 2024 guideline value aligns with this median.

• Bagiyam Layout: Rs 1,095 per sq.ft (2024)
• Bajanai Koil Veethi: Rs 1,090 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,105 per sq.ft (2024)
• Balaji Nagar: Rs 1,105 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 per sq.ft (2024)
• Arumuga Layout: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Azhagu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value amounts to Rs 10,95,000. The stamp duty at 7% would be Rs 76,650, and the registration fee at 2% would be Rs 21,900, bringing the total to Rs 98,550. It is important to note that 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 information.

Which Sub Registrar Office covers Azhagu Nagar?

The Sub Registrar Office that covers Azhagu Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Chinnavedampatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is utilized to calculate the applicable duties and fees. It is essential for both buyers and sellers to be aware of this value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Azhagu Nagar?

The current guideline value of Azhagu Nagar is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 1,095 per sq.ft in 2024, reflecting an overall increase of 174% over this period.

What is the land classification for Azhagu Nagar?

Azhagu Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where can I find the registration office for Azhagu Nagar?

The registration office for Azhagu Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Azhagu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,95,000, the stamp duty at 7% would be Rs 76,650.