Guideline Value for ASATH 1ST STREET

Asath 1st Street guideline value

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

How the guideline value of Asath 1st Street has changed

Over the years, the guideline value of Asath 1st Street has seen significant changes. The 2007 revision set the value at Rs 605 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 396%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The subsequent revision in 2023 raised it to Rs 3,000 per sq.ft, followed by the current rate of Rs 3,360 per sq.ft in 2024, reflecting a 12% increase from the previous year. The overall change from 2007 to 2024 is an increase of 455%.

The register has no figures for the years 2002 and 2003. The guideline value has thus evolved from Rs 605 per sq.ft in 2007 to the current Rs 3,360 per sq.ft in 2024, demonstrating notable fluctuations in the property valuation over the years.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 780 to Rs 4,480 per sq.ft. The median guideline value in this area is Rs 1,120 per sq.ft, placing Asath 1st Street's 2024 figure significantly above that median.

• Asath 1st Street North: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,360 per sq.ft, the total guideline value amounts to 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, bringing the total fees together to Rs 3,02,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asath 1st Street?

The Sub Registrar Office that covers Asath 1st Street 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 further assistance.

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

The guideline value is a critical factor in property transactions in Ward - K, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction and helps in maintaining transparency in property dealings.

Frequently asked questions

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

The current guideline value of Asath 1st Street 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, with various revisions in between, including a peak in 2012 and a decline in 2017.

What is the land classification for Asath 1st Street?

Asath 1st Street is classified as Commercial Class I Type - III.

Where can I find the registration office for this area?

The registration office for Asath 1st Street 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 Asath 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,60,000 would incur a stamp duty of Rs 2,35,200 at a rate of 7%.