Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Lakkampatti village under the Gobichettipalayam Joint I SRO, is Rs 300 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 for Ashok Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 106 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a rise of 183%. However, in 2017, the value decreased to Rs 201 per sq.ft, which was a drop of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 300 per sq.ft, showing no change between these two years. Notably, from 2017 to 2023, the value increased by 49%.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 183%.

Guideline values in Lakkampatti

In Lakkampatti village, there are 128 streets under the Gobichettipalayam Joint I SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, and Ashok Nagar's 2024 figure is above this median.

• Arunachalam Nagar(134,2,6,8): Rs 250 per sq.ft (2024)
• Arunachalagounder Street: Rs 300 per sq.ft (2024)
• Aviayar Street (84): Rs 250 per sq.ft (2024)
• Arulappar Street: Rs 250 per sq.ft (2024)
• Aries Muthu Nagar: Rs 250 per sq.ft (2024)
• Baharathi Nagar Extension: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar?

The Ashok Nagar area is covered by the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Lakkampatti. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 106 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the median guideline value in Lakkampatti?

The median guideline value in Lakkampatti is Rs 275 per sq.ft, with Ashok Nagar's current value being above this median.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000 for these fees.

Which office handles property registrations in Ashok Nagar?

The Gobichettipalayam Joint I Sub Registrar Office handles property registrations for Ashok Nagar, located at No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.