Guideline Value for Aasaraiyar Street (508/4)

Aasaraiyar Street (508/4) guideline value

The current guideline value for Aasaraiyar Street (508/4) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kolapalore village and falls under the Gobichettipalayam Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Aasaraiyar Street (508/4) has changed

The guideline value for Aasaraiyar Street has undergone several revisions over the years. In 2007, the value was set at Rs 93 per sq.ft, which increased to Rs 175 per sq.ft in 2012, marking an increase of 88%. However, between 2012 and 2017, the value decreased to Rs 117 per sq.ft, a decline of 33%. The value then rose significantly to Rs 200 per sq.ft in 2023, reflecting a 71% increase. As of the 2024 revision, the value remains at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register does not contain figures for the years 2002 and 2003 for Aasaraiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 115%.

Guideline values in Kolapalore

In Kolapalore, there are 67 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Aasaraiyar Street's 2024 figure is equal to this median.

• Ambross street: Rs 200 per sq.ft (2024)
• Amman Kovil Pathi: Rs 200 per sq.ft (2024)
• Amman Nagar: Rs 200 per sq.ft (2024)
• Angampalayam Street: Rs 200 per sq.ft (2024)
• Arasappan Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aasaraiyar Street (508/4)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee at 2% amounts to Rs 4,000. Together, the total fees would be Rs 18,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aasaraiyar Street (508/4)?

The Sub Registrar Office that covers Aasaraiyar Street (508/4) is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process of property transactions in Kolapalore. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Aasaraiyar Street (508/4)?

The current guideline value for Aasaraiyar Street (508/4) is Rs 200 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 93 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 115% during this period.

What are the stamp duty and registration fees for property in Aasaraiyar Street?

For a 1,000 sq.ft plot, the guideline value is Rs 2,00,000, resulting in a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers Aasaraiyar Street (508/4)?

Aasaraiyar Street (508/4) is covered by the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452.

What is the land classification for Aasaraiyar Street (508/4)?

The land classification for Aasaraiyar Street (508/4) is Residential Special Type - I.