Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Ward-3 village under the Coimbatore North Joint 1 SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Ashok Nagar has changed

The guideline value of Ashok Nagar has undergone several revisions over the years. The 2024 revision sets the value at Rs 2,000 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, which represents an 11% rise. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, indicating a significant increase of 49% over the six years leading to 2023. The register has no figure for this street in 2002 and 2003.

Looking further back, the 2012 revision also recorded a value of Rs 1,800 per sq.ft, which was a decrease of 33% from Rs 1,206 per sq.ft in 2017. The 2007 revision listed the value at Rs 1,111 per sq.ft, showing a 62% increase from the previous revision in 2012. Overall, from 2007 to 2024, the guideline value has increased by 80%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, and Ashok Nagar's 2024 figure is above this median.

• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 2,000 per sq.ft (2024)
• Angalamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Big Bazaar Street (South Side) Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. 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 information.

Which Sub Registrar Office covers Ashok Nagar?

The Sub Registrar Office that covers Ashok Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-3

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-3. It determines the amount of stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable charges. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,111 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, marking an overall increase of 80% over the years.

What is the land classification for Ashok Nagar?

Ashok Nagar is classified under Residential Class I Type - I land classification.

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

The Sub Registrar Office for Ashok Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Ashok Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 at a rate of 7%.