Guideline Value for ASHAR NAGAR NORTH STREET

Ashar Nagar North Street guideline value

The current guideline value of Ashar Nagar North Street is Rs 1,210 per sq.ft. This street is located in WARD - i village under the Tiruppur Joint II SRO, classified as Commercial Class I Type - I.

How the guideline value of Ashar Nagar North Street has changed

Since the 2012 revision, the guideline value for Ashar Nagar North Street has changed from Rs 1,100 per sq.ft to Rs 1,210 per sq.ft in the 2024 revision. The 2017 revision recorded a value of Rs 737 per sq.ft, which was a decrease from the 2012 figure. The 2023 revision saw an increase to Rs 1,100 per sq.ft, followed by a 10% increase to the current value in 2024.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, the guideline value from 2012 to 2024 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, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, making Ashar Nagar North Street's 2024 figure above that median.

• ASHAR NAGAR NORTH 1st STREET: Rs 1,210 per sq.ft (2024)
• Ashar Nagar West: Rs 1,210 per sq.ft (2024)
• Ashar Nagar North: Rs 1,210 per sq.ft (2024)
• Ashar Nagar 60 Feet Road: Rs 2,450 per sq.ft (2024)
• ASHAR NAGAR 4th STREET: Rs 1,210 per sq.ft (2024)
• ASHAR NAGAR 3rd STREET: Rs 1,210 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, making the total Rs 1,08,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashar Nagar North Street?

The Sub Registrar Office that covers Ashar Nagar North Street 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 critical factor in the registration process for property transactions in WARD - i. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value for Ashar Nagar North 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 2023 to Rs 1,210 per sq.ft in 2024, reflecting a 10% increase. It was Rs 737 per sq.ft in 2017, which increased by 49% to Rs 1,100 per sq.ft in 2023.

What is the land classification for Ashar Nagar North Street?

Ashar Nagar North Street is classified as Commercial Class I Type - I. This classification impacts the guideline value and potential uses of the land.

What are the stamp duty and registration fees for property in Ashar Nagar North Street?

For a 1,000 sq.ft plot, the guideline value is Rs 12,10,000. The stamp duty is Rs 84,700 at 7%, and the registration fee is Rs 24,200 at 2%, totaling Rs 1,08,900.

Which office handles property registrations for Ashar Nagar North Street?

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