Guideline Value for Atsaya Nagar

Atsaya Nagar guideline value

The current guideline value of Atsaya Nagar, located in Nasiyanur village under the Perundurai SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Atsaya Nagar has changed

Over the years, the guideline value for Atsaya Nagar has seen several revisions. In the 2012 revision, the value was set at Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where the value was Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The most recent 2024 revision maintains this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Atsaya Nagar. Overall, from 2012 to 2024, the guideline value has remained unchanged, reflecting a stable pricing structure in this locality.

Guideline values in Nasiyanur

In Nasiyanur, 34 streets fall under the Perundurai SRO, with the 2024 guideline values ranging from Rs 200 to Rs 750 per sq.ft. The median guideline value is Rs 300 per sq.ft, which is equal to the current value of Atsaya Nagar.

• Manjal Vaniga Valagam: Rs 750 per sq.ft (2024)
• Vel Nagar: Rs 300 per sq.ft (2024)
• Ward 10 Erode Road East: Rs 440 per sq.ft (2024)
• Ward 10 Erode Road West: Rs 440 per sq.ft (2024)
• Ward 10 Kalavai yura Street: Rs 300 per sq.ft (2024)
• Ward 10 Kathirampatti Road East: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Atsaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Atsaya Nagar?

The Atsaya Nagar area is covered by the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nasiyanur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Atsaya Nagar?

The current guideline value of Atsaya Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The value was Rs 201 per sq.ft in 2017.

What are the other streets in Nasiyanur with their guideline values?

Other streets in Nasiyanur include Manjal Vaniga Valagam at Rs 750 per sq.ft, Vel Nagar at Rs 300 per sq.ft, and several others with varying rates. The median value for the area is Rs 300 per sq.ft.

What are the stamp duty and registration fees for property in Atsaya Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value.

Which Sub Registrar Office covers Atsaya Nagar?

The Perundurai Sub Registrar Office covers Atsaya Nagar, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone.