Guideline Value for ASATH 1ST STREET NORTH

Asath 1st Street North guideline value

The current guideline value of Asath 1st Street North is Rs 3,360 per sq.ft, effective from 1 July 2024. This street is located in Ward - K, under the Tiruppur Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Asath 1st Street North has changed

The guideline value for Asath 1st Street North has seen several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure decreased to Rs 2,010 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,360 per sq.ft, marking a 12% increase from the previous year.

Overall, the guideline value has increased by 455% from Rs 605 per sq.ft in 2007 to Rs 3,360 per sq.ft in 2024. The changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a remarkable 396% increase from 2007 to 2012. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that have a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Asath 1st Street North's 2024 figure of Rs 3,360 per sq.ft is above this median.

• Asath 1st Street: Rs 3,360 per sq.ft (2024)
• Asath 2nd Street: Rs 3,360 per sq.ft (2024)
• Asath Street 20 Feet: Rs 3,360 per sq.ft (2024)
• Aruljothi Nagar (Thiyagi Kumaran Colony Extn): Rs 840 per sq.ft (2024)
• Arukombai Veethi: Rs 1,120 per sq.ft (2024)
• Arukombai Ist To 4th Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Asath 1st Street North

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,60,000. The stamp duty at 7% would be Rs 2,35,200, and the registration fee at 2% would be Rs 67,200, totaling Rs 3,02,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asath 1st Street North?

The Sub Registrar Office that covers Asath 1st Street North is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - K. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the higher of the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value at the time of registration.

Frequently asked questions

What is the current guideline value of Asath 1st Street North?

The current guideline value of Asath 1st Street North is Rs 3,360 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 3,360 per sq.ft in 2024, reflecting a total increase of 455% over the years.

What is the land classification for Asath 1st Street North?

Asath 1st Street North is classified as Commercial Class I Type - III under the current guidelines.

Where can I find the registration office for this street?

The registration office for Asath 1st Street North is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 3,02,400.