Guideline Value for ASATH 2ND STREET

Asath 2nd Street guideline value

The current guideline value of Asath 2nd 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, classified as Commercial Class I Type - III.

How the guideline value of Asath 2nd Street has changed

Over the years, the guideline value of Asath 2nd Street has seen significant changes. In the 2007 revision, the value was Rs 605 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 396%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The 2017 revision saw a notable increase to Rs 3,000 per sq.ft in 2023, representing a 49% rise, and the current value as of 2024 is Rs 3,360 per sq.ft, reflecting a 12% increase from the previous year.

The register has no figure for Asath 2nd Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 455%.

Guideline values in Ward - K

In Ward - K, there are 175 streets that carry 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 2nd Street's 2024 guideline value is significantly above this median.

• Asath 1st Street North: Rs 3,360 per sq.ft (2024)
• Asath Street 20 Feet: Rs 3,360 per sq.ft (2024)
• Asath 1st Street: 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 2nd 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, making the total cost Rs 3,02,400. 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 Asath 2nd Street?

The Sub Registrar Office that covers Asath 2nd 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 more information.

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

The guideline value is a crucial factor when registering a property in Ward - K. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. If the sale price exceeds the guideline value, the duty is charged based on the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asath 2nd Street?

The current guideline value of Asath 2nd 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 significantly, from Rs 605 per sq.ft in 2007 to Rs 3,360 per sq.ft in 2024, representing an overall increase of 455%.

What are the stamp duty and registration fees for properties in Asath 2nd Street?

For a property valued at Rs 33,60,000, the stamp duty would be Rs 2,35,200 and the registration fee would be Rs 67,200, totaling Rs 3,02,400.

Which Sub Registrar Office covers Asath 2nd Street?

The Tiruppur Joint I Sub Registrar Office covers Asath 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Asath 2nd Street?

Asath 2nd Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.