Guideline Value for ASHOKJI NAGAR

Ashokji Nagar guideline value

The current guideline value of Ashokji Nagar, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,006 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Ashokji Nagar has changed

The guideline value for Ashokji Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 60 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a rise of 733%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, reflecting a drop of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, a substantial increase of 199%. Finally, the latest revision in 2024 set the guideline value at Rs 1,006 per sq.ft, which is an increase of 1% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,577%.

Guideline values in Villankuruchi

In Villankuruchi, a total of 275 streets fall under the Ganapathy SRO, with guideline values ranging from Rs 1,001 to Rs 3,220 per sq.ft as of 2024. The median guideline value for the village is Rs 1,008 per sq.ft, placing Ashokji Nagar's current value slightly below this median.

• Askar Avenue: Rs 1,010 per sq.ft (2024)
• Arivooli Nagar: Rs 1,006 per sq.ft (2024)
• Ayyapa Nagar: Rs 1,010 per sq.ft (2024)
• Ayyappa Avenue: Rs 1,006 per sq.ft (2024)
• Appachi Gardens: Rs 1,010 per sq.ft (2024)
• Apex Garden: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Ashokji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, while the registration fee at 2% would be Rs 20,120. Together, these fees would total Rs 90,540. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashokji Nagar?

The Sub Registrar Office that covers Ashokji Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property in Villankuruchi. It is used to determine the stamp duty and registration fees payable at the time of the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during property registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for both parties to understand the guideline value, as it affects the overall cost of the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value of Ashokji Nagar?

The current guideline value of Ashokji Nagar is Rs 1,006 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 60 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, marking an overall increase of 1,577%.

What are the other streets in Villankuruchi?

Other streets in Villankuruchi include Askar Avenue, Arivooli Nagar, Ayyapa Nagar, Ayyappa Avenue, Appachi Gardens, and Apex Garden, with values ranging from Rs 1,006 to Rs 1,010 per sq.ft in 2024.

What fees are associated with buying property in Ashokji Nagar?

The fees associated with buying property include stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.