Guideline Value for ASHOK NAGAR.M.K.P.COLONY 1.2.3 CROSS

Ashok Nagar.M.K.P.Colony 1.2.3 Cross guideline value

The current guideline value for Ashok Nagar.M.K.P.Colony 1.2.3 Cross is Rs 1,120 per sq.ft, effective from 1 July 2024. This property is located in Ganapathy village and falls under the Ganapathy SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ashok Nagar.M.K.P.Colony 1.2.3 Cross has changed

The guideline value for Ashok Nagar.M.K.P.Colony 1.2.3 Cross has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%. Notably, the guideline value surged by 300% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 348%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Ashok Nagar.M.K.P.Colony 1.2.3 Cross matches this median value.

• Ashok Nagar: Rs 1,010 per sq.ft (2024)
• A.Ssubramaniam Nagar.: Rs 1,400 per sq.ft (2024)
• Athanur Ammankovil Street: Rs 1,400 per sq.ft (2024)
• Athipalayam Road: Rs 2,240 per sq.ft (2024)
• Arunthathi Colony,Kamarajar Puram: Rs 1,008 per sq.ft (2024)
• Aruna Layout: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar.M.K.P.Colony 1.2.3 Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total cost for stamp duty and registration fees to Rs 1,00,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar.M.K.P.Colony 1.2.3 Cross?

The Sub Registrar Office that covers Ashok Nagar.M.K.P.Colony 1.2.3 Cross is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ganapathy

The guideline value is a critical factor in the registration process when buying or selling property in Ganapathy. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the government receives appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When a property is sold, buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process. It is advisable to check the current guideline value before finalizing any property transactions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashok Nagar.M.K.P.Colony 1.2.3 Cross?

The current guideline value of Ashok Nagar.M.K.P.Colony 1.2.3 Cross is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, showing an overall increase of 348% over the years.

What is the registration office for Ashok Nagar.M.K.P.Colony 1.2.3 Cross?

The registration office for Ashok Nagar.M.K.P.Colony 1.2.3 Cross is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the stamp duty for property in Ashok Nagar.M.K.P.Colony 1.2.3 Cross?

The stamp duty for property in Ashok Nagar.M.K.P.Colony 1.2.3 Cross is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.