Guideline Value for Akkaiyanaidu Veedhi

Akkaiyanaidu Veedhi guideline value

The current guideline value of Akkaiyanaidu Veedhi is Rs 260 per sq.ft, effective from 1 July 2024. This street is located in Narasimmanaickenpalayam village, which falls under the Periyanayakkan Palayam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Akkaiyanaidu Veedhi has changed

The guideline value of Akkaiyanaidu Veedhi has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 230 per sq.ft. This was followed by a decrease to Rs 154 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 230 per sq.ft, and the most recent 2024 revision has set it at Rs 260 per sq.ft, marking a 13% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 13%. The changes between the revisions include a significant increase of 49% from 2017 to 2023 and a decrease of 33% from 2012 to 2017. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 the village is Rs 310 per sq.ft, placing the 2024 figure for Akkaiyanaidu Veedhi below this median.

• Akkaiyanaidu Veedhi East: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty is charged at 7%, resulting in Rs 18,200, while the registration fee at 2% amounts to Rs 5,200. Therefore, the total cost for stamp duty and registration fee would be Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Akkaiyanaidu Veedhi?

The Akkaiyanaidu Veedhi falls under the jurisdiction of the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. 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 during property transactions in Narasimmanaickenpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Akkaiyanaidu Veedhi?

The current guideline value of Akkaiyanaidu Veedhi 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 back to Rs 230 per sq.ft in 2023, and finally to Rs 260 per sq.ft in 2024.

What is the land classification for Akkaiyanaidu Veedhi?

Akkaiyanaidu Veedhi is classified as Residential Class II Type - I.

What is the median guideline value in Narasimmanaickenpalayam?

The median guideline value for Narasimmanaickenpalayam is Rs 310 per sq.ft, with Akkaiyanaidu Veedhi's 2024 figure being below this median.

Where is the Sub Registrar Office for Akkaiyanaidu Veedhi located?

The Sub Registrar Office covering Akkaiyanaidu Veedhi is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.