Guideline Value for ASIRIYAR COLONY

Asiriyar Colony guideline value

The current guideline value of Asiriyar Colony in Veerapandi village, under the Nallur_Tiruppur SRO, is Rs 709 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Asiriyar Colony has changed

The guideline value for Asiriyar Colony has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, this was followed by a decrease to Rs 134 per sq.ft in 2017. The value saw a significant increase of 422% to reach Rs 700 per sq.ft in 2023. The latest revision in 2024 has brought the guideline value to Rs 709 per sq.ft, marking a 1% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 609%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value is Rs 709 per sq.ft, which is equal to the guideline value of Asiriyar Colony.

• Athavan Nagar: Rs 713 per sq.ft (2024)
• Arun Nagar: Rs 713 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Aruljothi Nagar: Rs 713 per sq.ft (2024)
• Arigar Anna Nagar: Rs 705 per sq.ft (2024)
• Ayyavu Nagar: Rs 718 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value would be Rs 7,09,000. The stamp duty at 7% would amount to Rs 49,630, and the registration fee at 2% would be Rs 14,180, making the total cost Rs 63,810. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asiriyar Colony?

The Sub Registrar Office that covers Asiriyar Colony is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Veerapandi

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

Frequently asked questions

What is the current guideline value of Asiriyar Colony?

The current guideline value of Asiriyar Colony is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2007 to Rs 709 per sq.ft in 2024, reflecting an overall increase of 609% since 2007.

What are the stamp duty and registration fees for property in Asiriyar Colony?

For a property valued at Rs 7,09,000, the stamp duty would be Rs 49,630, and the registration fee would be Rs 14,180, totaling Rs 63,810.

Which office handles registrations for Asiriyar Colony?

The Nallur_Tiruppur Sub Registrar Office handles registrations for Asiriyar Colony, located near Hotel Riverview, Nagapattinam 611002.

What is the land classification for Asiriyar Colony?

The land classification for Asiriyar Colony is Residential Class IV Type - I, indicating its designation for residential purposes.