Guideline Value for ASATH STREET 20 FEET

Asath Street 20 Feet guideline value

The current guideline value of Asath Street 20 Feet 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 Street 20 Feet has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 605 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a remarkable increase of 396%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,360 per sq.ft, representing a 12% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 455%.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO with 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 Street 20 Feet's 2024 guideline value is above this median.

• Asath 2nd Street: Rs 3,360 per sq.ft (2024)
• Asath 1st Street North: 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 Street 20 Feet

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 3,02,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asath Street 20 Feet?

The Sub Registrar Office that covers Asath Street 20 Feet 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 for property transactions in Ward - K. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Asath Street 20 Feet?

The current guideline value of Asath Street 20 Feet 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 increased from Rs 605 per sq.ft in 2007 to Rs 3,360 per sq.ft in 2024, reflecting an overall increase of 455% over the years.

What is the classification of Asath Street 20 Feet?

Asath Street 20 Feet is classified as Commercial Class I Type - III under the Tiruppur Joint I SRO.

Where is the Sub Registrar Office for Asath Street 20 Feet located?

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

How are stamp duty and registration fees calculated for property transactions?

Stamp duty and registration fees are 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 guideline value, the total fees would amount to Rs 3,02,400.