Guideline Value for ASHAR NAGAR NORTH

Ashar Nagar North guideline value

The current guideline value for Ashar Nagar North is Rs 1,210 per sq.ft, effective from 1 July 2024. This area falls under WARD - i village and is classified as Commercial Class I Type - I. The guideline value is determined by the Tiruppur Joint II SRO.

How the guideline value of Ashar Nagar North has changed

The guideline value for Ashar Nagar North has undergone several revisions over the years. In 2012, the value was Rs 1,100 per sq.ft, which saw a decrease to Rs 737 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,100 per sq.ft in 2023, and then rose again to the current value of Rs 1,210 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, from 2012 to 2024, 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 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, making Ashar Nagar North's 2024 figure of Rs 1,210 per sq.ft above that median.

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

Stamp duty and registration fee for property in Ashar Nagar North

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 at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashar Nagar North?

The Sub Registrar Office that covers Ashar Nagar North is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 component in the registration process of property transactions in WARD - i. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are reflective of the property's assessed value.

When buying or selling property, the guideline value must be considered, as it can influence the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Ashar Nagar North?

The current guideline value of Ashar Nagar North 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 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 North?

Ashar Nagar North is classified as Commercial Class I Type - I. This classification can affect the types of developments permitted in the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,08,900, based on the current guideline value.

Which Sub Registrar Office covers Ashar Nagar North?

The Tiruppur Joint II Sub Registrar Office covers Ashar Nagar North, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.