Guideline Value for A.S.M.COLONY

A.S.M.Colony guideline value

The current guideline value of A.S.M.Colony in Chettipalayam village is Rs 703 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

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

The guideline value for A.S.M.Colony has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which decreased to Rs 234 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 200%, reaching Rs 703 per sq.ft in 2023, a figure that remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%, reflecting the changes in the local real estate landscape.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft, with the median being Rs 703 per sq.ft. A.S.M.Colony's 2024 figure aligns with this median.

• A.S.M.Nagar Exn: Rs 704 per sq.ft (2024)
• A.S.M.R Garden: Rs 835 per sq.ft (2024)
• Athupalayam: Rs 703 per sq.ft (2024)
• Avinashigoundampalayam: Rs 704 per sq.ft (2024)
• Avinashi Goundampalayam Aruljothi Nagar: Rs 704 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, bringing the total charges to Rs 63,270. 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 precise calculations.

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

The A.S.M.Colony falls under the Tiruppur Joint I Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps to standardize property transactions and provides a clear framework for calculating associated costs.

Frequently asked questions

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

The current guideline value of A.S.M.Colony is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 703 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty and registration fees for properties in A.S.M.Colony?

For a property valued at Rs 7,03,000, the stamp duty would be Rs 49,210 and the registration fee would be Rs 14,060, totaling Rs 63,270.

Which office handles property registrations for A.S.M.Colony?

The Tiruppur Joint I Sub Registrar Office handles property registrations for A.S.M.Colony, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for A.S.M.Colony?

A.S.M.Colony is classified as Residential Class I Type - III, indicating its suitability for residential development.