Guideline Value for ASHMA GARDEN

Ashma Garden guideline value

The current guideline value of Ashma Garden is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Mangalam village, under the Tiruppur Joint I SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Ashma Garden has changed

Over the years, the guideline value of Ashma Garden has seen significant changes. The 2017 revision set the value at Rs 151 per sq.ft, which increased to Rs 226 per sq.ft in 2023. The most recent revision in 2024 has raised the value further to Rs 250 per sq.ft, reflecting an increase of 11% from the previous year. Notably, the overall increase from 2017 to 2024 is 66%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 50%, indicating a substantial rise in the guideline value during that period.

Guideline values in Mangalam

In Mangalam village, there are 89 streets under the Tiruppur Joint I SRO that carry a guideline value for 2024, ranging from Rs 145 to Rs 550 per sq.ft. The median value for these streets is Rs 205 per sq.ft, and Ashma Garden's 2024 figure is above this median.

• A.S.M. Gardan: Rs 260 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 Ashma Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which totals Rs 17,500, and the registration fee is 2%, amounting to Rs 5,000. Together, the total cost for stamp duty and registration fees would be Rs 22,500. It is important to note that 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 details.

Which Sub Registrar Office covers Ashma Garden?

The Ashma Garden property 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 more information.

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

The guideline value is a crucial factor in property transactions in Mangalam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

Additionally, the guideline value helps ensure transparency in property transactions. It provides a standardized value that can be referred to by both buyers and sellers, minimizing discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashma Garden?

The current guideline value of Ashma Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 151 per sq.ft in 2017 to Rs 250 per sq.ft in 2024, marking an overall increase of 66% over this period.

What are the guideline values of other streets in Mangalam?

Other streets in Mangalam have varying guideline values, with rates ranging from Rs 145 to Rs 550 per sq.ft. For example, A.S.M. Gardan is at Rs 260 per sq.ft, while Apples Park is at Rs 165 per sq.ft.

Where is the Sub Registrar Office for Ashma Garden located?

The Sub Registrar Office covering Ashma Garden is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is stamp duty calculated for properties in Ashma Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.