Guideline Value for Ashok Nagar Main Street

Ashok Nagar Main Street guideline value

The current guideline value of Ashok Nagar Main Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ashok Nagar Main Street has changed

Over the years, the guideline value of Ashok Nagar Main Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. It increased significantly to Rs 800 per sq.ft in 2012, but then decreased to Rs 536 per sq.ft in 2017. The value remained at Rs 1,000 per sq.ft during both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 300%, but then fell by 33% from 2012 to 2017. A notable increase of 87% occurred from 2017 to 2023, and the overall change from 2007 to 2024 is a remarkable 400%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the guideline value of Ashok Nagar Main Street.

• Ashok Nagar Main (East): Rs 1,020 per sq.ft (2024)
• Ashok Nagar West: Rs 1,020 per sq.ft (2024)
• Ashok Nagar Keel Pagudhi: Rs 1,020 per sq.ft (2024)
• Ashok Nagar West, North: Rs 1,020 per sq.ft (2024)
• Ashok Nagar: Rs 1,325 per sq.ft (2024)
• A. Sundaram Gardens: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. It is important to 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 Ashok Nagar Main Street?

The Sub Registrar Office that covers Ashok Nagar Main Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that the guideline value may influence the overall cost of the transaction.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both buyers and sellers to understand this value to ensure compliance with local regulations and to accurately assess the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar Main Street?

The current guideline value of Ashok Nagar Main Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 400% from 2007 to 2024. Notably, it remained at Rs 1,000 per sq.ft during both the 2023 and 2024 revisions.

What is the land classification for Ashok Nagar Main Street?

Ashok Nagar Main Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Vadavalli Sub Registrar Office?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.