Guideline Value for ASHAR MILL (AVINASHI ROAD)

Ashar Mill (Avinashi Road) guideline value

The current guideline value of Ashar Mill (Avinashi Road) is Rs 4,480 per sq.ft, effective from 1 July 2024. It is located in WARD - i village under the Tiruppur Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Ashar Mill (Avinashi Road) has changed

The guideline value of Ashar Mill has seen several revisions over the years. The earliest recorded value is from 2012, set at Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then increased significantly to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,480 per sq.ft as of the 2024 revision. The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023, and a further increase of 12% from 2023 to 2024.

There are no recorded figures for the years 2002, 2003, and 2007 for this street, indicating that the guideline value was not established during those periods. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for this area is Rs 1,100 per sq.ft, placing Ashar Mill's current value above this median.

• Ashar Mill: Rs 4,400 per sq.ft (2024)
• Asharmill Colony Ashar Nagar: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 1st Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 2nd Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• Ashar Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Ashar Mill (Avinashi Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,480 per sq.ft, the total guideline value is Rs 44,80,000. The stamp duty at 7% would amount to Rs 3,13,600, and the registration fee at 2% would be Rs 89,600, bringing the total fees together to Rs 4,03,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ashar Mill (Avinashi Road)?

The Sub Registrar Office that covers Ashar Mill (Avinashi Road) is the Tiruppur Joint II 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 - i

The guideline value is a crucial factor in the registration process when buying or selling property in WARD - i. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

When engaging in property transactions, it is essential to be aware of the current guideline value as it can impact the overall costs involved in the registration process. Buyers and sellers should always check the latest figures to ensure accurate financial planning.

Frequently asked questions

What is the current guideline value of Ashar Mill (Avinashi Road)?

The current guideline value of Ashar Mill (Avinashi Road) is Rs 4,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,480 per sq.ft in 2024.

What is the land classification of Ashar Mill?

Ashar Mill is classified as Mixed Special Type - I, which reflects the nature of land use in the area.

What are the stamp duty and registration fees for a property in Ashar Mill?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,03,200.

Where is the Sub Registrar Office for Ashar Mill located?

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