Guideline Value for ASHAR MILL

Ashar Mill guideline value

The current guideline value of Ashar Mill is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under WARD - i village and is classified as Commercial Special Type - I within the Tiruppur Joint II SRO.

How the guideline value of Ashar Mill has changed

The guideline value for Ashar Mill has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision saw a rise to Rs 4,000 per sq.ft, and the most recent 2024 revision increased this to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The significant changes include a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO carrying a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median of Rs 1,100 per sq.ft. The guideline value of Ashar Mill is above this median.

• Ashar Mill (Avinashi Road): Rs 4,480 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the 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 Ashar Mill?

The Sub Registrar Office that covers Ashar Mill 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 property transactions within WARD - i. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the fees. It is essential to ensure that the sale price is not lower than the guideline value, as the higher of the two will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Ashar Mill?

The current guideline value of Ashar Mill is Rs 4,400 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 4,400 per sq.ft in 2024.

What is the land classification of Ashar Mill?

Ashar Mill is classified as Commercial Special Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Ashar Mill?

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