Guideline Value for Aasiriar Colony

Aasiriar Colony guideline value

The current guideline value of Aasiriar Colony, located in Telgupalayam village, under the Coimbatore South Joint 1 SRO, is Rs 1,350 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Aasiriar Colony has changed

The guideline value for Aasiriar Colony has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a value of Rs 1,200 per sq.ft in 2023, which increased to Rs 1,350 per sq.ft in 2024, marking a change of +13%.

Prior to the 2023 revision, the guideline values for Aasiriar Colony were not recorded. The 2024 guideline value of Rs 1,350 per sq.ft is above the median guideline value of Rs 1,002 per sq.ft for the 223 streets in Telgupalayam under the Coimbatore South Joint 1 SRO.

Guideline values in Telgupalayam

In Telgupalayam village, the guideline values range from Rs 1,000 to Rs 4,000 per sq.ft as per the 2024 revision. Aasiriar Colony's current guideline value of Rs 1,350 per sq.ft is above the median value of Rs 1,002 per sq.ft for the area.

• Adhi Dravidar Theru: Rs 1,003 per sq.ft (2024)
• Ajay Mokarje Veedhi: Rs 1,003 per sq.ft (2024)
• Ambethkar Street: Rs 2,000 per sq.ft (2024)
• Amman Kovil Street: Rs 1,800 per sq.ft (2024)
• Ananda Housing Colony: Rs 1,350 per sq.ft (2024)
• Angannan Sandhu: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Aasiriar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total to Rs 1,21,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aasiriar Colony?

The Sub Registrar Office that covers Aasiriar Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Telgupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is crucial for calculating the applicable stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Aasiriar Colony?

The current guideline value of Aasiriar Colony is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,350 per sq.ft in 2024, marking an increase of +13%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Aasiriar Colony?

Aasiriar Colony falls under the Residential Class I Type - III land classification, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Aasiriar Colony?

The Sub Registrar Office for Aasiriar Colony is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 registration zone.

How is the stamp duty calculated for properties in Aasiriar Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,50,000, the stamp duty would be Rs 94,500 at a rate of 7%.