Guideline Value for Asari Street

Asari Street guideline value

The current guideline value of Asari Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ward 7 village under the Pollachi SRO, classified as Residential Class IV Type - III.

How the guideline value of Asari Street has changed

Asari Street has seen several revisions in its guideline value over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 49 per sq.ft. This increased to Rs 58 per sq.ft in 2003, marking an 18% rise. The value then rose to Rs 95 per sq.ft in 2007, which was a significant increase of 64%. Following that, in 2012, the value saw a jump to Rs 280 per sq.ft, representing a 195% increase. However, from 2012 to 2017, the value decreased to Rs 188 per sq.ft, a decline of 33%. The guideline value then increased to Rs 300 per sq.ft in 2023, and it remained the same in the 2024 revision.

Overall, from 2002 to 2024, the guideline value of Asari Street has increased by 512%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Ward 7

In Ward 7, there are 40 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,226 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Asari Street.

• Ayyavu Chettiar Street: Rs 300 per sq.ft (2024)
• Annai Anjugam Nagar: Rs 600 per sq.ft (2024)
• Amman Nagar: Rs 350 per sq.ft (2024)
• Amman Kovil Street: Rs 300 per sq.ft (2024)
• Collector Benglow: Rs 300 per sq.ft (2024)
• Dimond City: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Asari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. Please note that the 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 Asari Street?

The Sub Registrar Office that covers Asari Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward 7

The guideline value is a crucial factor when registering property transactions in Ward 7. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and fair pricing. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Asari Street?

The current guideline value of Asari Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Asari Street has changed from Rs 49 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, reflecting an overall increase of 512% over the years.

What is the land classification of Asari Street?

Asari Street is classified as Residential Class IV Type - III under the Pollachi SRO.

What are the stamp duty and registration fees for properties in Asari Street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles the registration for Asari Street?

The registration for Asari Street is handled by the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.