Guideline Value for ASHAR NAGAR 1st STREET

ASHAR NAGAR 1st STREET guideline value

The current guideline value of ASHAR NAGAR 1st STREET is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in the village of Tiruppur under the Tiruppur Joint II SRO and is classified as Commercial Class I Type - I.

How the guideline value of ASHAR NAGAR 1st STREET has changed

The guideline value for ASHAR NAGAR 1st STREET has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, but this figure was reduced to Rs 737 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,100 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,210 per sq.ft, reflecting a significant increase of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. 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 that carry a 2024 guideline value, 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, which means the 2024 figure for ASHAR NAGAR 1st STREET is above this median.

• Ashar Nagar: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• ASHAR NAGAR 2nd STREET: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 2nd Street: Rs 880 per sq.ft (2024)
• ASHAR NAGAR 3rd STREET: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 4th STREET: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in ASHAR NAGAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty, charged at 7%, would be Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, these fees total Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ASHAR NAGAR 1st STREET?

The ASHAR NAGAR 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 details.

How the guideline value is used when you buy or sell in WARD - i

The guideline value plays a crucial role during the registration of property transactions in WARD - i. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This helps maintain transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of ASHAR NAGAR 1st STREET?

The current guideline value of ASHAR NAGAR 1st STREET is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, an increase of 10%. From 2017 to 2023, it saw a significant rise of 49% from Rs 737 per sq.ft.

What are the stamp duty and registration fees for a property in ASHAR NAGAR 1st STREET?

The stamp duty for a property valued at Rs 12,10,000 would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office covers ASHAR NAGAR 1st STREET?

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

What is the land classification for ASHAR NAGAR 1st STREET?

ASHAR NAGAR 1st STREET is classified as Commercial Class I Type - I under the current guidelines.