Guideline Value for Athithi Garden

Athithi Garden guideline value

The current guideline value of Athithi Garden is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Vellalore village under the Singanallur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Athithi Garden has changed

The guideline value for Athithi Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 770 per sq.ft, marking a 64% rise from the previous year.

Looking back further, the 2017 revision was the earliest recorded figure for this street, with no values listed in the revisions for 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value increased by 64%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft, with a median value of Rs 330 per sq.ft. Athithi Garden's 2024 guideline value of Rs 770 per sq.ft is above this median.

• Asokar street: Rs 770 per sq.ft (2024)
• Ashok Metha Street: Rs 330 per sq.ft (2024)
• Aruthra Nagar Phase 1: Rs 330 per sq.ft (2024)
• Aruthra Nagar: Rs 330 per sq.ft (2024)
• Arupadai Nagar: Rs 220 per sq.ft (2024)
• Arumuganayakar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Athithi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athithi Garden?

Athithi Garden is covered by 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 Vellalore

The guideline value is a critical factor in the registration process for property transactions in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When buying or selling property, the guideline value helps both parties understand the financial obligations involved in the transaction. It is essential to be aware of the current guideline value to ensure accurate budgeting for these costs.

Frequently asked questions

What is the current guideline value of Athithi Garden?

The current guideline value of Athithi Garden is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 64% from Rs 469 per sq.ft in 2023 to Rs 770 per sq.ft in 2024.

What is the land classification for Athithi Garden?

Athithi Garden falls under the Residential Class I Type - I land classification.

Where can I find the Singanallur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Athithi Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the stamp duty would be Rs 53,900.