Guideline Value for Ashok Nagar West

Ashok Nagar West guideline value

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

How the guideline value of Ashok Nagar West has changed

The guideline value for Ashok Nagar West has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, there was a significant drop in 2017, bringing the value down to Rs 335 per sq.ft. From 2017 to 2023, the value saw a substantial increase of 199%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,020 per sq.ft, a 2% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 410%.

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, placing Ashok Nagar West's 2024 figure above that median.

• Ashok Nagar West, North: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value would be Rs 10,20,000. The stamp duty at 7% would amount to Rs 71,400, and the registration fee at 2% would be Rs 20,400, making the total fees together Rs 91,800. It is important to note that 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 West?

The Sub Registrar Office that covers Ashok Nagar West 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.

When buyers and sellers engage in a transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ashok Nagar West?

The current guideline value of Ashok Nagar West 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 from Rs 200 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 410% over the years.

What is the stamp duty rate for property in Ashok Nagar West?

The stamp duty rate for property transactions in Ashok Nagar West is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ashok Nagar West located?

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

What is the land classification of Ashok Nagar West?

Ashok Nagar West is classified as Residential Class V Type - I, indicating its suitability for residential purposes.