Guideline Value for ASHAR NAGAR 60 FEET ROAD

Ashar Nagar 60 Feet Road guideline value

The current guideline value of Ashar Nagar 60 Feet Road is Rs 2,450 per sq.ft, effective from 1 July 2024. This street is located in WARD - i village, under the Tiruppur Joint II SRO, and is classified as Commercial Special Type - II.

How the guideline value of Ashar Nagar 60 Feet Road has changed

Over the years, the guideline value for Ashar Nagar 60 Feet Road has seen significant changes. The 2012 revision recorded a guideline value of Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,200 per sq.ft in 2023, and further to Rs 2,450 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

From 2012 to the 2024 revision, the overall change is an increase of 11%. Notably, the 2017 revision does not have a figure for this street, as the register has no figure for the years 2002, 2003, and 2007 as well.

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 Nagar 60 Feet Road is above this median.

• ASHAR NAGAR 4th STREET: Rs 1,210 per sq.ft (2024)
• Ashar Nagar North: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 3rd STREET: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR NORTH 1st STREET: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 2nd STREET: Rs 1,210 per sq.ft (2024)
• Ashar Nagar North Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Ashar Nagar 60 Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would amount to Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total cost to Rs 2,20,500. It is important to 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Ashar Nagar 60 Feet Road?

The Sub Registrar Office that covers Ashar Nagar 60 Feet Road 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 during the registration of property transactions in WARD - i. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can significantly impact the overall costs involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Ashar Nagar 60 Feet Road?

The current guideline value of Ashar Nagar 60 Feet Road is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,450 per sq.ft in 2024.

What is the land classification for Ashar Nagar 60 Feet Road?

Ashar Nagar 60 Feet Road is classified as Commercial Special Type - II.

What is the registration office for Ashar Nagar 60 Feet Road?

The registration office for Ashar Nagar 60 Feet Road 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 60 Feet Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,71,500.