Guideline Value for ASHAR MILL LABOUR COLONY 1ST STREET

Ashar Mill Labour Colony 1st Street guideline value

The current guideline value for Ashar Mill Labour Colony 1st Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in WARD - i village under the Tiruppur Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Ashar Mill Labour Colony 1st Street has changed

The guideline value for Ashar Mill Labour Colony 1st Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. In 2023, the value increased significantly to Rs 800 per sq.ft, and in the latest 2024 revision, it stands at Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33% in the guideline value. However, from 2017 to 2023, the value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 1,100 per sq.ft, indicating that Ashar Mill Labour Colony 1st Street's 2024 figure is below this median.

• Asharmill Colony Ashar Nagar: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 2nd Street: Rs 880 per sq.ft (2024)
• Ashar Mill (Avinashi Road): Rs 4,480 per sq.ft (2024)
• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• Ashar Mill: Rs 4,400 per sq.ft (2024)
• Ashar Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Ashar Mill Labour Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Ashar Mill Labour Colony 1st Street?

The Ashar Mill Labour Colony 1st Street falls under 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 plays a crucial role in property transactions within WARD - i. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value is referenced to ensure compliance with legal and financial requirements. Buyers and sellers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ashar Mill Labour Colony 1st Street?

The current guideline value for Ashar Mill Labour Colony 1st Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Ashar Mill Labour Colony 1st Street?

Ashar Mill Labour Colony 1st Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Ashar Mill Labour Colony 1st Street is the Tiruppur Joint II 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 Ashar Mill Labour Colony 1st Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 8,80,000, resulting in a stamp duty of Rs 61,600.