Guideline Value for Asthanthira street West

Asthanthira street West guideline value

The current guideline value of Asthanthira street West 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, and is classified as Residential Class I Type - I.

How the guideline value of Asthanthira street West has changed

The guideline value for Asthanthira street West has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. However, in the 2023 revision, the value increased to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,120 per sq.ft. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, there has been a net increase of 12% in the guideline value.

Guideline values in Singanallur

In Singanallur village, 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 for these streets is Rs 1,120 per sq.ft, which aligns with the 2024 figure for Asthanthira street West.

• Asthanthira Street (East): 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 West

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, making the total fees together Rs 1,00,800. It is important to note that 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 more details.

Which Sub Registrar Office covers Asthanthira street West?

The Sub Registrar Office covering Asthanthira street West is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standardized value, which helps maintain transparency and consistency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Asthanthira street West?

The current guideline value of Asthanthira street West 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 back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Asthanthira street West?

Asthanthira street West is classified as Residential Class I Type - I.

Where can I find the registration office for Asthanthira street West?

The registration office for Asthanthira street West is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is calculated at 2% of the same. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,00,800.