Guideline Value for ASHAR NAGAR WEST

Ashar Nagar West guideline value

The current guideline value for Ashar Nagar West is Rs 1,680 per sq.ft, effective from 1 July 2024. This area falls under Ward - C village and is classified as Residential Class II Type - II. The property is registered at the Tiruppur Joint I SRO.

How the guideline value of Ashar Nagar West has changed

The guideline value for Ashar Nagar West has undergone several revisions over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current value of Rs 1,680 per sq.ft represents a 12% increase from the previous year.

Prior to the 2017 revision, the 2012 figure was Rs 1,500 per sq.ft, which was a decrease of 33% from Rs 1,215 per sq.ft in 2007. The guideline value has experienced an overall increase of 38% from Rs 1,215 per sq.ft in 2007 to the current Rs 1,680 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for this area is Rs 1,120 per sq.ft, placing Ashar Nagar West's 2024 figure above the median.

• Ashar Nagar North 1st Street: 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 West

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. Together, these fees total Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashar Nagar West?

The Sub Registrar Office that covers Ashar Nagar West is 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

When buying or selling property in Ward - C, the guideline value serves as a reference point for determining the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

The guideline value is crucial for calculating the costs associated with property transactions, such as stamp duty and registration fees. This ensures that all parties involved in the transaction are aware of their financial obligations based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ashar Nagar West?

The current guideline value of Ashar Nagar West 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 1,680 per sq.ft in 2024, with various revisions in between. The most recent increase was 12% from the 2023 revision.

What is the land classification for Ashar Nagar West?

Ashar Nagar West is classified as Residential Class II Type - II. This classification is important for understanding the zoning and permissible uses of the land.

What are the stamp duty and registration fees for property transactions?

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 based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ashar Nagar West?

The Sub Registrar Office for Ashar Nagar West is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.