Guideline Value for ASAD STREET

Asad Street guideline value

The current guideline value of Asad Street is Rs 660 per sq.ft. It is located in Ward - D village under the Udumalpettai SRO, classified as Residential Class IV Type - I.

How the guideline value of Asad Street has changed

The guideline value for Asad Street has undergone several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 626 per sq.ft, marking a rise of 49%. The latest revision in 2024 set the guideline value at Rs 660 per sq.ft, which is a 5% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Asad Street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Ward - D

In Ward - D, there are 54 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 2,020 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Asad Street.

• Appavu Lane: Rs 2,020 per sq.ft (2024)
• Ansari Street: Rs 500 per sq.ft (2024)
• Babukhan Street: Rs 660 per sq.ft (2024)
• Advocate Nagarajan Street: Rs 660 per sq.ft (2024)
• Chidambaram Pillai Street: Rs 1,350 per sq.ft (2024)
• Dass Lane: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Asad Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that 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 Asad Street?

The Sub Registrar Office that covers Asad Street is the Udumalpettai Sub Registrar Office. The address is Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - D

The guideline value plays a crucial role in the registration process of property transactions in Ward - D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is taken into account to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Asad Street?

The current guideline value of Asad Street is Rs 660 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then to Rs 626 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Asad Street?

Asad Street is classified as Residential Class IV Type - I under the Udumalpettai SRO.

Where can I find the Sub Registrar Office for Asad Street?

The Sub Registrar Office for Asad Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would be Rs 59,400.