Guideline Value for ASHA BHAVAN ROAD, GUDALUR(1263,1264,1268)

Asha Bhavan Road, Gudalur(1263,1264,1268) guideline value

The current guideline value of Asha Bhavan Road, Gudalur(1263,1264,1268) is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Gudalur-2 village under the Goodaloor SRO, classified as Residential Class II Type - III.

How the guideline value of Asha Bhavan Road, Gudalur(1263,1264,1268) has changed

The guideline value for Asha Bhavan Road has seen significant changes over the years. In the 2017 revision, the value was set at Rs 100 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 200% rise. The 2024 revision maintained this value at Rs 300 per sq.ft, reflecting a 0% change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a 200% increase in the guideline value.

Guideline values in Gudalur-2

In Gudalur-2, there are 52 streets under the Goodaloor SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,101 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Asha Bhavan Road.

• Chevidipet - Kulampuzha: Rs 300 per sq.ft (2024)
• Ealu Malayaan Abdul Kalam Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Asha Bhavan Road, Gudalur(1263,1264,1268)

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 Asha Bhavan Road, Gudalur(1263,1264,1268)?

The Sub Registrar Office covering Asha Bhavan Road is the Goodaloor Sub Registrar Office, located at 10/512a.old Court Road, Gudalur, Nilgiris-643212, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Gudalur-2

The guideline value plays a crucial role during the registration of property transactions in Gudalur-2. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Asha Bhavan Road?

The current guideline value of Asha Bhavan Road, Gudalur(1263,1264,1268) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and has remained at Rs 300 per sq.ft in 2024. This represents a 200% increase overall from 2017 to 2024.

Where can I find the registration office for Asha Bhavan Road?

The registration office for Asha Bhavan Road is the Goodaloor Sub Registrar Office, located at 10/512a.old Court Road, Gudalur, Nilgiris-643212, Coimbatore registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total stamp duty and registration fees would amount to Rs 27,000.

What is the land classification for Asha Bhavan Road?

Asha Bhavan Road is classified as Residential Class II Type - III, which is important for understanding the zoning and permissible uses of the property.