Guideline Value for Aksay Garden

Aksay Garden guideline value

The current guideline value for Aksay Garden, located in Vadavalli village under the Vadavalli SRO, is Rs 1,870 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - II.

How the guideline value of Aksay Garden has changed

The guideline value for Aksay Garden has undergone several revisions over the years. In 2012, the value was set at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in 2017. Following that, the value increased significantly to Rs 1,700 per sq.ft in 2023, and then rose again to Rs 1,870 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The 2017 revision does not have a figure listed for this street in the register, and there are also no figures for the revisions in 2002, 2003, and 2007.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Aksay Garden's current guideline value is above this median.

• Alagu Murugan Nagar: Rs 1,870 per sq.ft (2024)
• Aiswarya Nagar: Rs 1,100 per sq.ft (2024)
• Alamara Thottam Navavoor Pirivu: Rs 1,000 per sq.ft (2024)
• Alamu Nagar: Rs 1,000 per sq.ft (2024)
• Aliv Garden: Rs 1,000 per sq.ft (2024)
• Adithya Garden Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aksay Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aksay Garden?

The Aksay Garden area is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at fair values as per the government's regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Aksay Garden?

The current guideline value of Aksay Garden is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification of Aksay Garden?

Aksay Garden is classified as Commercial Special Type - II, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Aksay Garden?

The Sub Registrar Office covering Aksay Garden is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Aksay Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 at 7%.