Guideline Value for ASHOK NAGAR

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Ganapathy village under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Ashok Nagar has changed

The guideline value for Ashok Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased to Rs 750 per sq.ft in 2012, marking a significant rise of 200%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase of 99%, reaching Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,010 per sq.ft, a 1% increase from the previous year.

It is important to note that the register has no figures for Ashok Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 304%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, indicating that Ashok Nagar's 2024 figure is below this median.

• Ashok Nagar.M.K.P.Colony 1.2.3 Cross: Rs 1,120 per sq.ft (2024)
• A.Ssubramaniam Nagar.: Rs 1,400 per sq.ft (2024)
• Athanur Ammankovil Street: Rs 1,400 per sq.ft (2024)
• Arunthathi Colony,Kamarajar Puram: Rs 1,008 per sq.ft (2024)
• Athipalayam Road: Rs 2,240 per sq.ft (2024)
• Aruna Layout: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar?

Ashok Nagar is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Ganapathy. It is used to calculate the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, which is an overall increase of 304%.

What is the land classification of Ashok Nagar?

Ashok Nagar falls under the Residential Class I Type - III land classification.

How is the stamp duty calculated in Ashok Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,10,000 would incur a stamp duty of Rs 70,700.

Where can I find the Sub Registrar Office for Ashok Nagar?

The Ganapathy Sub Registrar Office covers Ashok Nagar and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.