Guideline Value for Ashok Metha Street

Ashok Metha Street guideline value

The current guideline value of Ashok Metha Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Vellalore village and falls under the Singanallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ashok Metha Street has changed

Starting from the 2007 revision, the guideline value for Ashok Metha Street was Rs 65 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a substantial rise of 362%. However, in the 2017 revision, the value decreased to Rs 201 per sq.ft, reflecting a decline of 33%. The 2023 revision saw a notable increase to Rs 300 per sq.ft, followed by another increase to Rs 330 per sq.ft in the 2024 revision, which is a rise of 10%.

There are no figures available for Ashok Metha Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 408% in the guideline value.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO, with guideline values ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value is Rs 330 per sq.ft, which is the same as the current value for Ashok Metha Street.

• Asokar street: Rs 770 per sq.ft (2024)
• Aruthra Nagar Phase 1: Rs 330 per sq.ft (2024)
• Aruthra Nagar: Rs 330 per sq.ft (2024)
• Arupadai Nagar: Rs 220 per sq.ft (2024)
• Athithi Garden: Rs 770 per sq.ft (2024)
• Arumuganayakar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Metha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Metha Street?

The Sub Registrar Office that covers Ashok Metha Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vellalore. It serves as a benchmark for determining the minimum value of the property, ensuring that the stamp duty and registration fees are calculated appropriately based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider this value during negotiations and when finalizing the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashok Metha Street?

The current guideline value of Ashok Metha Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 65 per sq.ft in 2007, increasing to Rs 300 in 2012, then decreasing to Rs 201 in 2017, and finally rising to Rs 330 in 2024.

What is the land classification for Ashok Metha Street?

Ashok Metha Street is classified as Residential Class II Type - I, indicating its designation for residential use.

How is stamp duty calculated for property in Ashok Metha Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 23,100.

Where can I find the Sub Registrar Office for Ashok Metha Street?

The Sub Registrar Office for Ashok Metha Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more information about it online.