Guideline Value for ASHOK NAGAR

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - IV.

How the guideline value of Ashok Nagar has changed

The guideline value for Ashok Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which then decreased to Rs 100 per sq.ft in the 2017 revision. Following this, the value saw a significant increase, reaching Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting a 600% rise from 2017 to 2023. Notably, there were no figures available for the revisions in 2002, 2003, and 2007.

Overall, from the 2012 revision to the current 2024 figure, there has been a remarkable increase of 367%. The consistent value of Rs 700 per sq.ft in the last two revisions indicates stability in the guideline value for Ashok Nagar.

Guideline values in Muthanampalayam

Muthanampalayam village has a total of 178 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 896 per sq.ft. The median value is Rs 700 per sq.ft, placing Ashok Nagar's 2024 figure at this median level.

• Arun Garden: Rs 700 per sq.ft (2024)
• Arul Nagar: Rs 705 per sq.ft (2024)
• Aruljothinagar: Rs 700 per sq.ft (2024)
• Aruljothi Garden: Rs 700 per sq.ft (2024)
• Avm Nagar: Rs 711 per sq.ft (2024)
• Aruljothi Aruna Nagar: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ashok Nagar?

The Sub Registrar Office that covers Ashok Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 700 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 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, marking an overall increase of 367%.

What is the registration office for Ashok Nagar?

The registration office for Ashok Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 7,00,000, the total fees would amount to Rs 63,000.

Are there other streets with similar guideline values in Muthanampalayam?

Yes, there are several other streets in Muthanampalayam with guideline values close to Rs 700 per sq.ft, including Arun Garden and Aruljothinagar, which also have a guideline value of Rs 700 per sq.ft.