Guideline Value for Asariyar veettu sandu

Asariyar veettu sandu guideline value

The current guideline value of Asariyar veettu sandu is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Vengampoor village, under the Kodumudi SRO, and is classified as Residential Class III Type - V.

How the guideline value of Asariyar veettu sandu has changed

The guideline value for Asariyar veettu sandu has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 39 per sq.ft. This figure increased significantly to Rs 150 per sq.ft in 2012, marking a 285% rise. However, it then decreased to Rs 100 per sq.ft in 2017, reflecting a 33% drop. The value saw a substantial increase of 100% in 2023, bringing it to Rs 200 per sq.ft, which remained unchanged in the 2024 revision.

There are no recorded figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 is an increase of 413%, indicating a significant rise in the guideline value over the years.

Guideline values in Vengampoor

In Vengampoor, there are 66 streets under the Kodumudi SRO that carry a guideline value of Rs 200 per sq.ft as of 2024, with the median also being Rs 200 per sq.ft. Asariyar veettu sandu's 2024 figure aligns with this median.

• Bangla Street: Rs 200 per sq.ft (2024)
• Andivalavu veethi: Rs 200 per sq.ft (2024)
• East Street: Rs 200 per sq.ft (2024)
• Ellaiyur Karur-Erode mainroad: Rs 200 per sq.ft (2024)
• Ellaiyur kodumudi-kangeyam mainroad: Rs 200 per sq.ft (2024)
• Harijan colony: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Asariyar veettu sandu

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asariyar veettu sandu?

The Sub Registrar Office that covers Asariyar veettu sandu is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Asariyar veettu sandu?

The current guideline value of Asariyar veettu sandu is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 39 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 413% over the years.

What are the other streets with the same guideline value in Vengampoor?

Other streets in Vengampoor, such as Bangla Street, Andivalavu veethi, and East Street, also have a guideline value of Rs 200 per sq.ft as of 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total of Rs 18,000 in fees.

Where is the Sub Registrar Office located for Asariyar veettu sandu?

The Kodumudi Sub Registrar Office, which covers Asariyar veettu sandu, is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.