Guideline Value for A.S.M.R GARDEN

A.S.M.R Garden guideline value

The current guideline value of A.S.M.R Garden, located in Chettipalayam village under the Tiruppur Joint I SRO, is Rs 835 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of A.S.M.R Garden has changed

The guideline value of A.S.M.R Garden has seen significant changes over the years. In 2012, the value was Rs 350 per sq.ft, which increased to Rs 502 per sq.ft in 2017, marking a change of +43%. The value then rose to Rs 750 per sq.ft in 2023, a substantial increase of +49%. The most recent revision in 2024 set the guideline value at Rs 835 per sq.ft, reflecting an increase of +11% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by +139%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 a median value of Rs 703 per sq.ft. A.S.M.R Garden's 2024 guideline value is above this median.

• A.S.M.Nagar Exn: Rs 704 per sq.ft (2024)
• A.S.M.Colony: Rs 703 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.R Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 835 per sq.ft, the total guideline value would be Rs 8,35,000. The stamp duty at 7% would be Rs 58,450, and the registration fee at 2% would be Rs 16,700, bringing the total cost for these fees to Rs 75,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.S.M.R Garden?

The A.S.M.R Garden area is covered by 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 Chettipalayam

The guideline value is a crucial factor in the registration of property transactions in Chettipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which is essential for calculating the associated costs. This value is particularly important in the context of legal documentation and compliance with local regulations.

Frequently asked questions

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

The current guideline value of A.S.M.R Garden is Rs 835 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 350 per sq.ft in 2012 to Rs 835 per sq.ft in 2024, reflecting a total increase of +139% over this period.

What is the land classification for A.S.M.R Garden?

The land classification for A.S.M.R Garden is Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for A.S.M.R Garden?

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

How is the stamp duty calculated for properties in A.S.M.R Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,35,000, the stamp duty would be Rs 58,450 at a rate of 7%.