Guideline Value for A.S.M. Gardan

A.S.M. Gardan guideline value

The current guideline value of A.S.M. Gardan in Mangalam village is Rs 260 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of A.S.M. Gardan has changed

The guideline value for A.S.M. Gardan has seen several revisions since 2017. In 2017, the guideline value was Rs 158 per sq.ft, which increased to Rs 236 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 260 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 stands at 65%.

There are no recorded figures for A.S.M. Gardan in the years 2002, 2003, 2007, and 2012. The guideline value rose significantly from Rs 158 in 2017 to Rs 236 in 2023, representing a 49% increase over that period.

Guideline values in Mangalam

Mangalam village has a total of 89 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 145 to Rs 550 per sq.ft as of 2024. A.S.M. Gardan's current guideline value of Rs 260 per sq.ft is above the median value of Rs 205 per sq.ft for the village.

• Ashma Garden: Rs 250 per sq.ft (2024)
• Avinasiappa Nagar: Rs 250 per sq.ft (2024)
• Apples Park: Rs 165 per sq.ft (2024)
• Best Gardens: Rs 250 per sq.ft (2024)
• Biruntha Avenue: Rs 550 per sq.ft (2024)
• Amirtha Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in A.S.M. Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, while the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers A.S.M. Gardan?

The Sub Registrar Office that covers A.S.M. Gardan is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Mangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This helps maintain transparency and fairness in property transactions, as it prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of A.S.M. Gardan?

The current guideline value of A.S.M. Gardan is Rs 260 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 158 per sq.ft to Rs 260 per sq.ft in 2024, marking an overall increase of 65%.

What are the stamp duty and registration fees for property in A.S.M. Gardan?

For a property valued at Rs 2,60,000, the stamp duty would be Rs 18,200 and the registration fee would be Rs 5,200, totaling Rs 23,400.

Which Sub Registrar Office covers A.S.M. Gardan?

The Tiruppur Joint I Sub Registrar Office covers A.S.M. Gardan, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the guideline value determined for properties in Mangalam?

The guideline value is determined based on various factors, including land classification and the values of other streets in the area. It serves as a reference for property transactions to ensure proper valuation.