Guideline Value for Akshaya Garden

Akshaya Garden guideline value

The current guideline value of Akshaya Garden is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Gudalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Akshaya Garden has changed

The guideline value of Akshaya Garden has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 450 per sq.ft. This was followed by a decrease to Rs 301 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 450 per sq.ft. The most recent revision in 2024 set the value at Rs 500 per sq.ft, reflecting an increase of 11% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 320 to Rs 1,110 per sq.ft. The median value for these streets is Rs 370 per sq.ft, placing Akshaya Garden's 2024 figure above the median.

• Aishwaryam Garden: Rs 1,110 per sq.ft (2024)
• Adithya Appartments: Rs 420 per sq.ft (2024)
• Ambethkar Nagar: Rs 360 per sq.ft (2024)
• Amman Nagar: Rs 340 per sq.ft (2024)
• Ammichiamman Kovil Veethi: Rs 620 per sq.ft (2024)
• Amsi Nagar: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Akshaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akshaya Garden?

The Akshaya Garden area falls under 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 Gudalur

The guideline value is a crucial factor in the registration process of property transactions in Gudalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a clear understanding of the property's worth in the legal framework. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Akshaya Garden?

The current guideline value of Akshaya Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What are the guideline values for other streets in Gudalur?

Other streets in Gudalur have varying guideline values, with Aishwaryam Garden at Rs 1,110 per sq.ft and Adithya Appartments at Rs 420 per sq.ft, among others.

How is stamp duty calculated for properties in Akshaya Garden?

Stamp duty for properties in Akshaya Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 35,000 based on the current guideline value.

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

The Sub Registrar Office covering Akshaya Garden is the Periyanayakkan Palayam SRO, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.