Guideline Value for Ashok Street

Ashok Street guideline value

The current guideline value of Ashok Street, located in Sowripalayam village under the Peelamedu SRO, is Rs 2,300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Ashok Street has changed

The guideline value for Ashok Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 507 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 294%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, which is a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, reflecting an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,300 per sq.ft, which is a 15% increase from the previous year.

It is important to note that there are no recorded figures for Ashok Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 354%.

Guideline values in Sowripalayam

In Sowripalayam village, there are 186 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value for these streets is Rs 2,300 per sq.ft, which is the same as the current value for Ashok Street.

• Avarampalayam Street 1 & 2: Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 3: Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 4 (Gandhi Nagar): Rs 3,850 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Arumuga Gounder Street: Rs 3,520 per sq.ft (2024)
• Ayyal Naidu Street: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty, charged at 7%, would be Rs 1,61,000, while the registration fee at 2% would be Rs 46,000. Together, these fees would total Rs 2,07,000. 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 Street?

The Sub Registrar Office that covers Ashok Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sowripalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Ashok Street?

The current guideline value of Ashok Street is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 507 per sq.ft in 2007 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 354% over these years.

What are the other streets in Sowripalayam?

Other streets in Sowripalayam include Avarampalayam Street 1 & 2, Avarampalayam Street 3, Avarampalayam Street 4, Avinashi Road, Arumuga Gounder Street, and Ayyal Naidu Street, each with their respective guideline values.

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

The Sub Registrar Office for Ashok Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 23,00,000, the stamp duty would be Rs 1,61,000 at a rate of 7%.