Guideline Value for Ashok Nagar (Madukkarai Road) (Ward 18)

Ashok Nagar (Madukkarai Road) (Ward 18) guideline value

The current guideline value of Ashok Nagar (Madukkarai Road) (Ward 18) is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Ashok Nagar (Madukkarai Road) (Ward 18) has changed

The guideline value for Ashok Nagar (Madukkarai Road) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further to Rs 1,055 per sq.ft in 2024. Notably, there are no figures available for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 87%. The most recent change from 2023 to 2024 reflects a 6% increase. Overall, the guideline value has risen by 32% from 2012 to 2024.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing Ashok Nagar (Madukkarai Road) above this median.

• Astalakshmi Nagar (Madukkarai Road) (Ward 18): Rs 1,055 per sq.ft (2024)
• Athaas Valavu: Rs 1,035 per sq.ft (2024)
• Asbesters Street (Ward 7): Rs 1,035 per sq.ft (2024)
• Auditor Street (Ward 10): Rs 1,040 per sq.ft (2024)
• Arumuga Thevar Sandhu (Ward 4): Rs 1,035 per sq.ft (2024)
• Arumuga Nagar Extension: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar (Madukkarai Road) (Ward 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, making the total fees Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fee using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar (Madukkarai Road) (Ward 18)?

The Sub Registrar Office that covers Ashok Nagar (Madukkarai Road) (Ward 18) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar (Madukkarai Road)?

The current guideline value of Ashok Nagar (Madukkarai Road) (Ward 18) is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,055 per sq.ft in 2024.

What is the median guideline value in Kurichi?

The median guideline value for streets in Kurichi is Rs 1,040 per sq.ft, with Ashok Nagar (Madukkarai Road) being above this median at Rs 1,055 per sq.ft.

What are the stamp duty and registration fees for property in Ashok Nagar?

For a property valued at Rs 10,55,000, the stamp duty would be Rs 73,850, and the registration fee would be Rs 21,100, totaling Rs 94,950.

Which office handles registrations for Ashok Nagar?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Ashok Nagar (Madukkarai Road) (Ward 18), located at Syryan Church Road, Coimbatore -641001.