Guideline Value for Akkaiyanaidu Veedhi East

Akkaiyanaidu Veedhi East guideline value

The current guideline value of Akkaiyanaidu Veedhi East is Rs 260 per sq.ft, effective from 1 July 2024. This street is located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - I.

How the guideline value of Akkaiyanaidu Veedhi East has changed

The guideline value for Akkaiyanaidu Veedhi East has undergone several revisions over the years. The 2012 revision set the value at Rs 230 per sq.ft, which then decreased to Rs 154 per sq.ft in 2017. Following this, the value increased to Rs 230 per sq.ft in 2023, and finally rose to Rs 260 per sq.ft in the 2024 revision, marking a 13% increase from 2023 to 2024. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%, and overall, from 2012 to 2024, the value has increased by 13%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value in this area is Rs 310 per sq.ft, making the current value of Akkaiyanaidu Veedhi East below that median.

• Akkaiyanaidu Veedhi: Rs 260 per sq.ft (2024)
• Ajantha Nagar: Rs 310 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 Akkaiyanaidu Veedhi East

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty, calculated at 7%, would be Rs 18,200, while the registration fee at 2% would amount to Rs 5,200. Together, the total cost for stamp duty and registration would be Rs 23,400. It is important to note that the 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 details.

Which Sub Registrar Office covers Akkaiyanaidu Veedhi East?

The Akkaiyanaidu Veedhi East falls under the jurisdiction of 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 is a critical factor in property transactions in Narasimmanaickenpalayam. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to facilitate smooth transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Akkaiyanaidu Veedhi East?

The current guideline value of Akkaiyanaidu Veedhi East is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2012 to Rs 154 per sq.ft in 2017, then increased to Rs 230 per sq.ft in 2023, and finally to Rs 260 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Akkaiyanaidu Veedhi East?

For a 1,000 sq.ft plot, the guideline value is Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, totaling Rs 23,400.

Which Sub Registrar Office covers this area?

The Periyanayakkan Palayam Sub Registrar Office covers Akkaiyanaidu Veedhi East, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification for Akkaiyanaidu Veedhi East?

Akkaiyanaidu Veedhi East is classified as Residential Class II Type - I, which is important for determining its usage and development potential.