Guideline Value for Ajantha Nagar

Ajantha Nagar guideline value

The current guideline value of Ajantha Nagar, located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, is Rs 310 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Ajantha Nagar has changed

Over the years, the guideline value of Ajantha Nagar has seen several revisions. The 2012 revision set the value at Rs 280 per sq.ft, which decreased to Rs 188 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 281 per sq.ft in 2023, and further rose to Rs 310 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows an increase of 11%. The jump from 2017 to 2023 indicates a substantial rise of 49%, reflecting a notable shift in the guideline value during this period.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value for this area is Rs 310 per sq.ft, which is the same as the current value for Ajantha Nagar.

• Akkaiyanaidu Veedhi: Rs 260 per sq.ft (2024)
• Akkaiyanaidu Veedhi East: Rs 260 per sq.ft (2024)
• A.K.S. Nagar: Rs 260 per sq.ft (2024)
• Abirami Nagar: Rs 310 per sq.ft (2024)
• Ambethkar Veedhi Thottasalai: Rs 380 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ajantha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value amounts to Rs 3,10,000. The stamp duty at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, bringing the total fees to Rs 27,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ajantha Nagar?

The Sub Registrar Office that covers Ajantha Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Narasimmanaickenpalayam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Ensuring that the transaction aligns with the guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ajantha Nagar?

The current guideline value of Ajantha Nagar is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 280 per sq.ft in 2012 to Rs 310 per sq.ft in 2024, with notable changes occurring in 2017 and 2023.

What is the land classification for Ajantha Nagar?

Ajantha Nagar is classified as Residential Class I Type - III under the current regulations.

Where can I find the registration office for Ajantha Nagar?

The registration office for Ajantha Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Ajantha 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 valued at Rs 310 per sq.ft, the total stamp duty would be Rs 21,700.