Guideline Value for ASHAR NAGAR

Ashar Nagar guideline value

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

How the guideline value of Ashar Nagar has changed

The guideline value for Ashar Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,100 per sq.ft. This figure saw a significant decrease to Rs 737 per sq.ft in 2017. However, from 2017 to 2023, the value increased by 49% to reach Rs 1,100 per sq.ft again. The latest revision in 2024 has further increased the guideline value to Rs 1,210 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in WARD - i

Ashar Nagar's 2024 guideline value of Rs 1,210 per sq.ft is above the median value of Rs 1,100 per sq.ft for the 108 streets in WARD - i under the Tiruppur Joint II SRO. The guideline values for other streets in WARD - i are as follows:

• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• ASHAR NAGAR 1st STREET: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 2nd Street: Rs 880 per sq.ft (2024)
• ASHAR NAGAR 2nd STREET: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 1st Street: Rs 880 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

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 cost for these fees to Rs 1,08,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashar Nagar?

The Sub Registrar Office that covers Ashar Nagar 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 plays a crucial role in the registration of property transactions in WARD - i. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Ashar Nagar?

The current guideline value of Ashar Nagar 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 seen changes from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back 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?

Ashar Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

For a property valued at Rs 12,10,000, the stamp duty is Rs 84,700 and the registration fee is Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office covers Ashar Nagar?

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