Guideline Value for Asthanthira Street (East)

Asthanthira Street (East) guideline value

The current guideline value of Asthanthira Street (East) is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village, under the jurisdiction of the Singanallur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Asthanthira Street (East) has changed

Over the years, the guideline value of Asthanthira Street (East) has seen several revisions. The 2012 revision recorded a value of Rs 1,000 per sq.ft, which then changed to Rs 670 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision has set it at Rs 1,120 per sq.ft, reflecting a 12% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value is Rs 1,120 per sq.ft, which is equal to the current value of Asthanthira Street (East).

• Asthanthira street West: Rs 1,120 per sq.ft (2024)
• Arumugam Street 1, 2: Rs 1,568 per sq.ft (2024)
• Arul Murugan Nagar (S.I.H.S. colony): Rs 1,001 per sq.ft (2024)
• Arul Jothipuram: Rs 1,120 per sq.ft (2024)
• A.R. Layout: Rs 1,000 per sq.ft (2024)
• AZIZ Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Asthanthira Street (East)

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that the 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 Asthanthira Street (East)?

The Sub Registrar Office that covers Asthanthira Street (East) 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Singanallur. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asthanthira Street (East)?

The current guideline value of Asthanthira Street (East) is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Asthanthira Street (East)?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,00,800, based on the current guideline value of Rs 11,20,000.

Which Sub Registrar Office is responsible for Asthanthira Street (East)?

The Singanallur Sub Registrar Office is responsible for Asthanthira Street (East), located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Asthanthira Street (East)?

The land classification for Asthanthira Street (East) is Residential Class I Type - I.