Guideline Value for ASHAR MILL LABOUR COLONY

Ashar Mill Labour Colony guideline value

The current guideline value for Ashar Mill Labour Colony, located in Ward - C village under the Tiruppur Joint I SRO, is Rs 1,120 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - II land classification.

How the guideline value of Ashar Mill Labour Colony has changed

Over the years, the guideline value for Ashar Mill Labour Colony has seen several revisions. Starting from Rs 740 per sq.ft in 2007, it increased to Rs 1,000 per sq.ft in 2012, marking a 35% rise. However, it then dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. The value rose significantly to Rs 1,000 per sq.ft in 2023, and the latest revision for 2024 has established the guideline value at Rs 1,120 per sq.ft, which is a 12% increase from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a 51% increase in the guideline value for Ashar Mill Labour Colony. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median guideline value is Rs 1,120 per sq.ft, which is equal to the current guideline value for Ashar Mill Labour Colony.

• ASHAR MILL LABOUR COLONY 1ST to 3rd STREET: Rs 1,120 per sq.ft (2024)
• ASHAR NAGAR 1ST to 4th STREET: Rs 1,680 per sq.ft (2024)
• Ashar Nagar 60 Feet Road: Rs 2,575 per sq.ft (2024)
• Ashar Nagar Main Road: Rs 2,575 per sq.ft (2024)
• Ashar Nagar North 1st Street: Rs 1,680 per sq.ft (2024)
• Ashar Nagar West: Rs 1,680 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, leading to a total of Rs 1,00,800. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Ashar Mill Labour Colony?

The Ashar Mill Labour Colony falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - C

The guideline value is a crucial factor during property registration in Ward - C. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value for Ashar Mill Labour Colony is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 740 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 51% over this period.

What is the land classification for Ashar Mill Labour Colony?

Ashar Mill Labour Colony is classified under Residential Class III Type - II.

Where can I find the Sub Registrar Office for Ashar Mill Labour Colony?

The Sub Registrar Office covering Ashar Mill Labour Colony is the Tiruppur Joint I SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for properties in Ashar Mill Labour Colony?

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, the total guideline value is Rs 11,20,000, resulting in a stamp duty of Rs 78,400.