Guideline Value

Corporate

Guideline Value for ASTHALAKSHMI GARDEN

₹1876/sq.ft.

The guideline value for Asthalakshmi Garden in Vellakinar. village (Gandhipuram SRO, Coimbatore zone) is Rs 1876 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 88% change. The land classification is Residential Class I Type - Iv. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Vellakinar.

Village

Gandhipuram

SRO

Residential Class I Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1876 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sro Gandhipuram,kalapatti Road,near Saravanampatti Poilce Station,saravanampatti-641035
0422-2666669
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Asthalakshmi Garden

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Asthalakshmi Garden guideline value

The current guideline value of Asthalakshmi Garden is Rs 1,876 per sq.ft, effective from 1 July 2024. This area is located in Vellakinar, under the Gandhipuram SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Asthalakshmi Garden has changed

Asthalakshmi Garden has seen significant changes in its guideline value over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased dramatically to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,876 per sq.ft in the 2024 revision, marking an increase of 88% from 2023 to 2024 and a staggering 199% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 275%. This highlights the significant fluctuations in the guideline value over the years, reflecting changes in the real estate landscape of the area.

Guideline values in Vellakinar.

In Vellakinar, there are 107 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,030 to Rs 2,886 per sq.ft, with the median value being Rs 1,876 per sq.ft. The guideline value of Asthalakshmi Garden is equal to this median value.

Stamp duty and registration fee for property in Asthalakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,876 per sq.ft, the total guideline value amounts to Rs 18,76,000. The stamp duty at 7% would be Rs 1,31,320, and the registration fee at 2% would be Rs 37,520, bringing the total fees to Rs 1,68,840. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Asthalakshmi Garden?

The Sub Registrar Office that covers Asthalakshmi Garden is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vellakinar. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid penalties. This helps maintain transparency in property transactions and ensures that both parties are aware of the value being assigned to the property.

Frequently asked questions

What is the current guideline value of Asthalakshmi Garden?

The current guideline value of Asthalakshmi Garden is Rs 1,876 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 500 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2024, marking an overall increase of 275% over this period.

What is the registration office for Asthalakshmi Garden?

The registration office for Asthalakshmi Garden is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Asthalakshmi Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,31,320.

What are the other streets in Vellakinar and their guideline values?

Other streets in Vellakinar include Aura at Rs 2,886 per sq.ft, Arudra Garden at Rs 2,615 per sq.ft, Anna Veethi at Rs 1,876 per sq.ft, Annai Veethi at Rs 1,270 per sq.ft, Bharathi Veethi -1 at Rs 1,270 per sq.ft, and Bharathi Veethi -2 at Rs 1,270 per sq.ft.