Guideline Value for ATHARSH GARDENS

Atharsh Gardens guideline value

The current guideline value of Atharsh Gardens is Rs 1,002 per sq.ft, effective from 1 July 2024. This property is located in Villankuruchicorpration village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Atharsh Gardens has changed

The guideline value for Atharsh Gardens has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, there was a significant decline to Rs 502 per sq.ft in 2017. The value then rose dramatically to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,002 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 99%. The 2024 revision shows no change from the 2023 figure, maintaining a rate of Rs 1,002 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 234%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Atharsh Gardens slightly below this median.

• A.S.Nagar Lakshmi Gardens: Rs 1,002 per sq.ft (2024)
• A.S Nagar: Rs 1,004 per sq.ft (2024)
• Avinashi Road: Rs 5,600 per sq.ft (2024)
• Arima Wake Field: Rs 5,600 per sq.ft (2024)
• Arima Crown Meadows: Rs 2,675 per sq.ft (2024)
• Argus Nagar,Valluvar Nagar,1,2,3 Th Cross: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Atharsh Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost for these fees to Rs 90,180. Note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Atharsh Gardens?

Atharsh Gardens falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchicorpration. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the transaction is recorded accurately and that all legal obligations are met during the transfer of ownership.

Frequently asked questions

What is the current guideline value of Atharsh Gardens?

The current guideline value of Atharsh Gardens is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 234% over the years.

What are the stamp duty and registration fees for properties in Atharsh Gardens?

For a 1,000 sq.ft property, the stamp duty is Rs 70,140 and the registration fee is Rs 20,040, totaling Rs 90,180 based on the current guideline value.

Which office handles registrations for Atharsh Gardens?

The Ganapathy Sub Registrar Office handles registrations for Atharsh Gardens, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, ensuring that appropriate stamp duty and registration fees are collected during property transactions.