Guideline Value for Ashok Nagar West, North

Ashok Nagar West, North guideline value

The current guideline value of Ashok Nagar West, North is Rs 1,020 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class V Type - I.

How the guideline value of Ashok Nagar West, North has changed

The guideline value for Ashok Nagar West, North has undergone several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,020 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value surged by 199%. The increase from 2023 to 2024 is 2%. Overall, from 2012 to 2024, the guideline value has risen by 104%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Ashok Nagar West is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value is Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, while the registration fee at 2% would be Rs 20,400, bringing the total fees together to Rs 91,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar West, North?

The Sub Registrar Office that covers Ashok Nagar West, North 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 plays a crucial role during the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Ashok Nagar West, North?

The current guideline value of Ashok Nagar West, North is Rs 1,020 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 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, with notable increases in 2023 and 2024.

What is the land classification of Ashok Nagar West, North?

Ashok Nagar West, North is classified as Residential Class V Type - I.

What are the registration fees for property transactions?

The registration fees include a stamp duty of 7% and a registration fee of 2%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ashok Nagar West, North?

The Sub Registrar Office for Ashok Nagar West, North is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.