Guideline Value for ASHAR NAGAR NORTH 1ST STREET

Ashar Nagar North 1st Street guideline value

The current guideline value for Ashar Nagar North 1st Street is Rs 1,680 per sq.ft, effective from 1 July 2024. This street is located in the village under the Tiruppur Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Ashar Nagar North 1st Street has changed

Over the years, the guideline value for Ashar Nagar North 1st Street has seen several revisions. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 has raised the guideline value to Rs 1,680 per sq.ft, marking a 12% increase from the previous year. The increase from 2017 to 2023 was significant at 49%, while the value decreased by 33% from 2012 to 2017. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, up from Rs 1,215 per sq.ft in 2007, which was a 23% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 38%.

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 value for these streets is Rs 1,120 per sq.ft, placing Ashar Nagar North 1st Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Ashar Nagar North 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, while the registration fee at 2% would be Rs 33,600, bringing the total fees together to Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ashar Nagar North 1st Street?

The Ashar Nagar North 1st Street falls under the Tiruppur Joint I 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 - C

The guideline value plays a crucial role during the registration process when buying or selling property in Ward - C. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Ashar Nagar North 1st Street?

The current guideline value for Ashar Nagar North 1st Street is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,680 per sq.ft in 2024. This represents a 49% increase from 2017 to 2023 and a further 12% increase from 2023 to 2024.

What is the land classification for Ashar Nagar North 1st Street?

Ashar Nagar North 1st Street is classified as Residential Class II Type - II. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for properties in this street?

For a property valued at Rs 16,80,000, the stamp duty would be Rs 1,17,600 and the registration fee would be Rs 33,600, totaling Rs 1,51,200. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Ashar Nagar North 1st Street?

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