Guideline Value for ASHAR NAGAR 2nd STREET

ASHAR NAGAR 2nd STREET guideline value

The current guideline value of ASHAR NAGAR 2nd 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 2nd STREET has changed

Over the years, the guideline value for ASHAR NAGAR 2nd STREET has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft, which was later revised to Rs 737 per sq.ft in 2017. Following this, the guideline value increased significantly to Rs 1,100 per sq.ft in 2023, and further rose to Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for ASHAR NAGAR 2nd STREET in the years 2002, 2003, and 2007.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 1,100 per sq.ft, placing ASHAR NAGAR 2nd STREET's 2024 figure above this median.

• ASHAR NAGAR 3rd STREET: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 1st STREET: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 4th STREET: Rs 1,210 per sq.ft (2024)
• Ashar Nagar: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• Ashar Nagar 60 Feet Road: Rs 2,450 per sq.ft (2024)

Stamp duty and registration fee for property in ASHAR NAGAR 2nd STREET

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 more details.

Which Sub Registrar Office covers ASHAR NAGAR 2nd STREET?

The ASHAR NAGAR 2nd 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 further assistance.

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 is used to determine the stamp duty and registration fees that must be paid, ensuring that these fees are consistent with the official valuation of the property.

When a transaction occurs, the guideline value serves as a benchmark for assessing the property’s worth, and it is essential to consider this value to comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of ASHAR NAGAR 2nd STREET?

The current guideline value of ASHAR NAGAR 2nd STREET is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification of ASHAR NAGAR 2nd STREET?

ASHAR NAGAR 2nd STREET is classified as Commercial Class I Type - I.

Where is the registration office for ASHAR NAGAR 2nd STREET?

The registration office for ASHAR NAGAR 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 stamp duty calculated for properties in ASHAR NAGAR 2nd STREET?

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 stamp duty and registration fees would amount to Rs 1,08,900.