Guideline Value for ASHARMILL COLONY ASHAR NAGAR

Asharmill Colony Ashar Nagar guideline value

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

How the guideline value of Asharmill Colony Ashar Nagar has changed

The guideline value for Asharmill Colony Ashar Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,100 per sq.ft in 2023, and finally, it rose to Rs 1,210 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the change reflects a 10% increase. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded 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 for these streets is Rs 1,100 per sq.ft, making Asharmill Colony Ashar Nagar's 2024 figure above that median.

• Ashar Mill (Avinashi Road): Rs 4,480 per sq.ft (2024)
• Ashar Mill: Rs 4,400 per sq.ft (2024)
• Ashar Mill Labour Colony 1st Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 2nd Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)
• Ashar Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Asharmill Colony 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 fees together to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Asharmill Colony Ashar Nagar?

The Sub Registrar Office that covers Asharmill Colony 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 is a crucial factor in property transactions within WARD - i, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during registration at the Tiruppur Joint II SRO.

Frequently asked questions

What is the current guideline value of Asharmill Colony Ashar Nagar?

The current guideline value of Asharmill Colony 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 changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased 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 Asharmill Colony Ashar Nagar?

Asharmill Colony Ashar Nagar is classified as Commercial Class I Type - I.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees amount to Rs 1,08,900.

Which Sub Registrar Office covers Asharmill Colony Ashar Nagar?

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