Guideline Value for ASARIYAR STREET

Asariyar Street guideline value

The current guideline value of Asariyar Street in Zaminuthukuzhi village is Rs 226 per sq.ft, effective from 1 July 2024. This street falls under the Pollachi SRO and is classified as Residential Special Type - II.

How the guideline value of Asariyar Street has changed

Over the years, the guideline value for Asariyar Street has seen several revisions. The 2007 revision set the value at Rs 120 per sq.ft, which increased to Rs 225 per sq.ft in 2012. However, there was a notable decrease of 33% to Rs 151 per sq.ft in the 2017 revision. The value remained at Rs 226 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From the 2017 revision to the 2023 revision, the value increased by 50%. Overall, from the 2007 revision to the 2024 revision, there has been an increase of 88%, with the current rate being equal to the median guideline value for Zaminuthukuzhi.

Guideline values in Zaminuthukuzhi

In Zaminuthukuzhi, there are 58 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 501 per sq.ft, with a median value of Rs 226 per sq.ft. Asariyar Street's 2024 figure aligns with this median.

• Arunthatiyar Street: Rs 200 per sq.ft (2024)
• Aranmanai Street: Rs 226 per sq.ft (2024)
• Arafa Garden: Rs 226 per sq.ft (2024)
• Bangalaw Road: Rs 226 per sq.ft (2024)
• Angappa Pillai Lane: Rs 226 per sq.ft (2024)
• Bodipalayam Road: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Asariyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total fees to Rs 20,340. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Asariyar Street?

The Sub Registrar Office that covers Asariyar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Zaminuthukuzhi. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, it is essential to refer to the current guideline value to avoid any discrepancies. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Asariyar Street?

The current guideline value of Asariyar Street is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2007 to Rs 226 per sq.ft in 2024, reflecting an overall increase of 88% over this period.

What are the stamp duty and registration fees for property in Asariyar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,26,000, leading to a stamp duty of Rs 15,820 and a registration fee of Rs 4,520, totaling Rs 20,340.

Which Sub Registrar Office covers Asariyar Street?

The Pollachi Sub Registrar Office covers Asariyar Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification for Asariyar Street?

Asariyar Street is classified as Residential Special Type - II under the Pollachi SRO.