Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Ashok Nagar has changed

Over the years, the guideline value of Ashok Nagar has seen significant changes. The 2007 revision set the value at Rs 200 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a decline of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,325 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 563%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,000 per sq.ft, placing Ashok Nagar's 2024 figure above that median.

• Ashok Nagar Keel Pagudhi: Rs 1,020 per sq.ft (2024)
• Ashok Nagar Main (East): Rs 1,020 per sq.ft (2024)
• Ashok Nagar Main Street: Rs 1,000 per sq.ft (2024)
• Ashok Nagar West: Rs 1,020 per sq.ft (2024)
• Ashok Nagar West, North: Rs 1,020 per sq.ft (2024)
• A. Sundaram Gardens: Rs 1,000 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 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty, charged at 7%, would be Rs 92,750, while the registration fee at 2% would be Rs 26,500. Together, these costs amount to Rs 1,19,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar?

The Sub Registrar Office that covers Ashok Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. 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 critical factor in property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which a property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 200 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, representing an overall increase of 563%.

What are the other streets in Kavundampalayam with their guideline values?

Other streets in Kavundampalayam include Ashok Nagar Keel Pagudhi, Ashok Nagar Main (East), Ashok Nagar Main Street, Ashok Nagar West, Ashok Nagar West, North, and A. Sundaram Gardens, with values ranging from Rs 1,000 to Rs 1,020 per sq.ft.

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

For a property valued at Rs 13,25,000, the stamp duty would be Rs 92,750 and the registration fee would be Rs 26,500, totaling Rs 1,19,250.

Which office do I need to visit for property registration in Ashok Nagar?

The Vadavalli Sub Registrar Office covers Ashok Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.