Guideline Value for ASHAR NAGAR WEST

Ashar Nagar West guideline value

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

How the guideline value of Ashar Nagar West has changed

The guideline value for Ashar Nagar West has seen several revisions over the years. In the 2012 revision, the value was Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,100 per sq.ft in the 2023 revision and further rose to Rs 1,210 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The change from 2017 to 2023 was an increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The increase from 2023 to 2024 is 10%.

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. The median value is Rs 1,100 per sq.ft, and Ashar Nagar West's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 12,10,000. The stamp duty at 7% amounts to Rs 84,700, and the registration fee at 2% is Rs 24,200, totaling 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 West?

The Sub Registrar Office that covers Ashar Nagar West 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 in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ashar Nagar West?

The current guideline value of Ashar Nagar West 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 West?

Ashar Nagar West is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for properties in Ashar Nagar West?

The stamp duty is charged at 7%, and the registration fee is 2%. For example, a property with a guideline value of Rs 12,10,000 would incur a total fee of Rs 1,08,900.

Which office handles the registration for Ashar Nagar West?

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