Guideline Value for A.S KANDASAMY LAYOUT

A.S Kandasamy Layout guideline value

The current guideline value of A.S Kandasamy Layout is Rs 1,120 per sq.ft, effective from 1 July 2024. This property is located in Ward - C village under the Tiruppur Joint I SRO and falls under the Residential Class III Type - II land classification.

How the guideline value of A.S Kandasamy Layout has changed

The guideline value for A.S Kandasamy Layout has seen several revisions over the years. In 2007, the value was Rs 740 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 35% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 set it at Rs 1,120 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 51%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 1,120 per sq.ft, which is the same as the guideline value for A.S Kandasamy Layout.

• A.S KANDASAMY LAYOUT 1st to 4th STREET: Rs 1,120 per sq.ft (2024)
• A.S Kandasamy Layout Main Road: Rs 1,120 per sq.ft (2024)
• A.S.Nagar: Rs 1,120 per sq.ft (2024)
• Ashar Nagar West: Rs 1,680 per sq.ft (2024)
• Ashar Nagar North 1st Street: Rs 1,680 per sq.ft (2024)
• Ashar Nagar Main Road: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in A.S Kandasamy Layout

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A.S Kandasamy Layout?

The A.S Kandasamy Layout is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

To find your specific SRO, you can find your SRO online.

How the guideline value is used when you buy or sell in Ward - C

The guideline value is a crucial factor during property registration in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.S Kandasamy Layout?

The current guideline value of A.S Kandasamy Layout is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 740 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, showing an overall increase of 51% over the years.

What is the stamp duty rate for property in A.S Kandasamy Layout?

The stamp duty rate for property in A.S Kandasamy Layout is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.S Kandasamy Layout?

The Sub Registrar Office covering A.S Kandasamy Layout is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of A.S Kandasamy Layout?

A.S Kandasamy Layout falls under the Residential Class III Type - II land classification.