Guideline Value for Astalakshmi Nagar

Astalakshmi Nagar guideline value

The current guideline value of Astalakshmi Nagar, located in Pattanam village under the Singanallur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Astalakshmi Nagar has changed

Over the years, the guideline value of Astalakshmi Nagar has undergone several revisions. The earliest recorded revision in 2007 set the value at Rs 30 per sq.ft. This figure saw a significant increase to Rs 300 per sq.ft in 2012, marking a rise of 900%. However, it then decreased to Rs 201 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 300 per sq.ft in 2023, and finally reached Rs 330 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1000%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO, with guideline values ranging from Rs 165 to Rs 1,815 per sq.ft as of 2024. The median guideline value for these streets is Rs 220 per sq.ft, placing Astalakshmi Nagar's current value above this median.

• A S Nagar Extension: Rs 500 per sq.ft (2024)
• A S Nagar: Rs 415 per sq.ft (2024)
• Arunmozhli Varman Nagar: Rs 330 per sq.ft (2024)
• Arijana Colony: Rs 220 per sq.ft (2024)
• Bagavathiamman kovil Street: Rs 220 per sq.ft (2024)
• Balan Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Astalakshmi Nagar?

The Sub Registrar Office that covers Astalakshmi Nagar 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 Pattanam

The guideline value is a crucial factor when buying or selling property in Pattanam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are charged. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar?

The current guideline value of Astalakshmi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1000% over this period.

What are the stamp duty and registration fees for property in Astalakshmi Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 29,700.

Which Sub Registrar Office covers Astalakshmi Nagar?

The Singanallur Sub Registrar Office covers Astalakshmi Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

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

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the appropriate fees are collected based on a standardized value for properties in the area.