Guideline Value for Aasath Street

Aasath Street guideline value

The current guideline value of Aasath Street in Punjaipuliampatti village is Rs 1,120 per sq.ft, effective from 1 July 2024. This street falls under the Punchaipuliyampatti SRO and is classified as Commercial Class I Type - II.

How the guideline value of Aasath Street has changed

The guideline value for Aasath Street has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it dropped to Rs 670 per sq.ft in 2017, before rising again to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,120 per sq.ft, marking a 12% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 represented a substantial increase of 567%. Overall, from 2007 to 2024, the guideline value has increased by 647%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,680 per sq.ft, with a median value of Rs 780 per sq.ft. Aasath Street's current value of Rs 1,120 per sq.ft is above this median.

• A.Govindhasamy Street: Rs 780 per sq.ft (2024)
• Alampalayam Natham: Rs 335 per sq.ft (2024)
• Ambethkar Street: Rs 1,340 per sq.ft (2024)
• Anjanenjan Azhagiri Street: Rs 780 per sq.ft (2024)
• Anna Nagar Harijan Colony: Rs 670 per sq.ft (2024)
• Anna Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Aasath Street

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be 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, totaling Rs 1,00,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aasath Street?

The Sub Registrar Office that covers Aasath Street is the Punchaipuliyampatti Sub Registrar Office, located at Sub Registrar Office, Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Punjaipuliampatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects a fair value for the property being sold or purchased.

Frequently asked questions

What is the current guideline value of Aasath Street?

The current guideline value of Aasath Street 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 150 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, with various revisions in between.

What is the land classification for Aasath Street?

Aasath Street is classified as Commercial Class I Type - II, which indicates its use for commercial activities.

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

The stamp duty is charged at 7% on the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,00,800.

Where is the Sub Registrar Office for Aasath Street located?

The Sub Registrar Office for Aasath Street is located at Sub Registrar Office, Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.