Guideline Value for ASWIN RAGAM GARDEN

Aswin Ragam Garden guideline value

The current guideline value of Aswin Ragam Garden is Rs 635 per sq.ft, effective from 1 July 2024. This property is located in Peedampalli village under the Singanallur SRO, classified as Residential Special Type - I.

How the guideline value of Aswin Ragam Garden has changed

The guideline value for Aswin Ragam Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 385 per sq.ft, which increased to Rs 575 per sq.ft in 2023. The latest revision in 2024 has further raised the guideline value to Rs 635 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 65%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2017 to 2023 change was a substantial increase of 49%, reflecting a growing trend in the guideline values over this period.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft, with a median value of Rs 165 per sq.ft. Aswin Ragam Garden's 2024 guideline value of Rs 635 per sq.ft is significantly above this median.

• Athirshta Gatden: Rs 220 per sq.ft (2024)
• Ayothiapuram Anjaneyar Nagar: Rs 165 per sq.ft (2024)
• Ayothiapuram Barathan Nagar: Rs 165 per sq.ft (2024)
• Ayothiapuram Bharathan Nagar Extension: Rs 165 per sq.ft (2024)
• Ayothiapuram Lakshmanan Nagar: Rs 165 per sq.ft (2024)
• Ayothiyapuram Janaki Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Aswin Ragam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 635 per sq.ft, the total guideline value amounts to Rs 6,35,000. The stamp duty at 7% would be Rs 44,450, and the registration fee at 2% would be Rs 12,700, making the total cost for these fees Rs 57,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aswin Ragam Garden?

The Sub Registrar Office that covers Aswin Ragam Garden is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Peedampalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the necessary fees and is essential for legal documentation during the transaction.

Frequently asked questions

What is the current guideline value of Aswin Ragam Garden?

The current guideline value of Aswin Ragam Garden is Rs 635 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 385 per sq.ft to Rs 635 per sq.ft in 2024. This represents an overall increase of 65% over this period.

What are the stamp duty and registration fees for properties in Aswin Ragam Garden?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 57,150.

Which office handles property registrations for Aswin Ragam Garden?

The Singanallur Sub Registrar Office handles property registrations for Aswin Ragam Garden, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Aswin Ragam Garden?

Aswin Ragam Garden is classified as Residential Special Type - I, which indicates its intended use for residential purposes.