Guideline Value for Auto Nagar

Auto Nagar guideline value

The current guideline value of Auto Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Auto Nagar has changed

The guideline value for Auto Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The most notable change occurred between 2017 and 2023, where it rose by 87% to reach Rs 1,000 per sq.ft. The guideline value remained unchanged from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%, reflecting a significant change over the years.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median guideline value for the village is Rs 1,000 per sq.ft, which aligns with the current guideline value for Auto Nagar.

• Auto Nagar(1- 3rd Street): Rs 1,015 per sq.ft (2024)
• A. Sundaram Gardens: Rs 1,000 per sq.ft (2024)
• Ashok Nagar West, North: Rs 1,020 per sq.ft (2024)
• Ashok Nagar West: Rs 1,020 per sq.ft (2024)
• Ashok Nagar Main Street: Rs 1,000 per sq.ft (2024)
• Ashok Nagar Main (East): Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Auto Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. 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 Auto Nagar?

The Sub Registrar Office that covers Auto Nagar is 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 Kavundampalayam

The guideline value is a crucial factor when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with the registration requirements.

When registering a property, the guideline value is compared against the sale price, and the higher amount is used to calculate the applicable duties and fees. 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 Auto Nagar?

The current guideline value of Auto Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting a 400% increase over the years.

What is the land classification for Auto Nagar?

Auto Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

Where is the Vadavalli Sub Registrar Office located?

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

How is stamp duty calculated for properties in Auto Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft property at the guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, leading to a stamp duty of Rs 70,000.