Guideline Value for ASHAR MILL LABOUR COLONY 2ND STREET

Ashar Mill Labour Colony 2nd Street guideline value

The current guideline value of Ashar Mill Labour Colony 2nd 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 and falls under the Residential Class I Type - I land classification.

How the guideline value of Ashar Mill Labour Colony 2nd Street has changed

Over the years, the guideline value for Ashar Mill Labour Colony 2nd Street has undergone several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, the value significantly increased to Rs 800 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent 2024 revision established the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, 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 that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Ashar Mill Labour Colony 2nd Street is below this median.

• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 1st Street: Rs 880 per sq.ft (2024)
• Ashar Nagar: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 1st STREET: Rs 1,210 per sq.ft (2024)
• Asharmill Colony Ashar Nagar: Rs 1,210 per sq.ft (2024)
• Ashar Mill (Avinashi Road): Rs 4,480 per sq.ft (2024)

Stamp duty and registration fee for property in Ashar Mill Labour Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ashar Mill Labour Colony 2nd Street?

The Sub Registrar Office that covers Ashar Mill Labour Colony 2nd Street 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 details.

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 the minimum value for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashar Mill Labour Colony 2nd Street?

The current guideline value of Ashar Mill Labour Colony 2nd 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 significantly, from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then rising to Rs 800 per sq.ft in 2023, and finally reaching Rs 880 per sq.ft in 2024.

What is the land classification for Ashar Mill Labour Colony 2nd Street?

Ashar Mill Labour Colony 2nd 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 2nd 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,80,000, the stamp duty would be calculated at 7% of that amount.