Guideline Value for AZIZ Nagar

AZIZ Nagar guideline value

The current guideline value of AZIZ Nagar, located in Singanallur village under the Singanallur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of AZIZ Nagar has changed

The guideline value for AZIZ Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. The subsequent revision in 2023 marked a significant rise to Rs 1,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,001 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased dramatically by 149%. Overall, comparing the 2012 revision to the current 2024 revision, there has been an increase of 67% in the guideline value.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing AZIZ Nagar's 2024 figure below this median.

• Bajanai koil veethy: Rs 1,002 per sq.ft (2024)
• Balaji nagar: Rs 1,568 per sq.ft (2024)
• Balaji Nagar Railway Line South: Rs 1,006 per sq.ft (2024)
• Bannari Amman Nagar: Rs 1,003 per sq.ft (2024)
• Bannari nagar Kudisai: Rs 1,006 per sq.ft (2024)
• Asthanthira street West: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in AZIZ Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020, making the total charges Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AZIZ Nagar?

AZIZ Nagar falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of AZIZ Nagar?

The current guideline value of AZIZ Nagar is Rs 1,001 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 2012 to Rs 1,001 per sq.ft in 2024, with significant increases noted in the revisions from 2017 and 2023.

What are the other guideline values in Singanallur?

Other streets in Singanallur have guideline values ranging from Rs 1,000 to Rs 3,360 per sq.ft, with a median value of Rs 1,120 per sq.ft.

What fees are associated with buying property in AZIZ Nagar?

When buying property in AZIZ Nagar, you will incur stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering AZIZ Nagar is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more details through the provided link.