Guideline Value for Ashtalakshmi Colony

Ashtalakshmi Colony guideline value

The current guideline value of Ashtalakshmi Colony, located in P. Chettipalayam village under the Coimbatore South Joint 1 SRO, is Rs 780 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ashtalakshmi Colony has changed

Ashtalakshmi Colony has seen several revisions in its guideline value over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 700 per sq.ft, which increased to Rs 780 per sq.ft in the 2024 revision, marking an increase of 11%.

The current figure of Rs 780 per sq.ft represents the latest revision and is indicative of the value set for this street. The previous revision in 2023 was Rs 700 per sq.ft, showing a significant upward adjustment in the guideline value.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median value is Rs 470 per sq.ft, placing Ashtalakshmi Colony's 2024 guideline value above this median.

• Arumuga Goundanur: Rs 470 per sq.ft (2024)
• Avin Nagar: Rs 780 per sq.ft (2024)
• Avin Nagar Phase-1: Rs 780 per sq.ft (2024)
• Avin Nagar PhaseII: Rs 780 per sq.ft (2024)
• Ayi Gounder Nagar L.O: Rs 780 per sq.ft (2024)
• Ayyan Thottam: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtalakshmi Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, bringing the total fees to Rs 70,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ashtalakshmi Colony?

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

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

The guideline value plays a crucial role in the registration process of property transactions in P. Chettipalayam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Ashtalakshmi Colony?

The current guideline value of Ashtalakshmi Colony is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024, reflecting an increase of 11%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ashtalakshmi Colony?

Ashtalakshmi Colony is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Ashtalakshmi Colony?

For a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600 and the registration fee would be Rs 15,600, totaling Rs 70,200. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Ashtalakshmi Colony?

The Coimbatore South Joint 1 Sub Registrar Office covers Ashtalakshmi Colony, located at No.410a, Raja Street, Coimbatore-641001.