Guideline Value for Ashoka Kadai Veethi

Ashoka Kadai Veethi guideline value

The current guideline value of Ashoka Kadai Veethi is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Perianaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Commercial Class I Type - I.

How the guideline value of Ashoka Kadai Veethi has changed

The guideline value for Ashoka Kadai Veethi has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft. This figure remained until the 2017 revision, where it dropped to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,110 per sq.ft in 2024.

Between the revisions, the changes are notable. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The latest revision from 2023 to 2024 reflects an increase of 11%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Ashoka Kadai Veethi is above this median.

• Ayothi Naidu Veethi: Rs 280 per sq.ft (2024)
• Ayyasamy Nagar: Rs 500 per sq.ft (2024)
• Bagathsingh Nagar: Rs 340 per sq.ft (2024)
• Bagathsingh Nagar Extension: Rs 340 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Balasundaram Layout: Rs 665 per sq.ft (2024)

Stamp duty and registration fee for property in Ashoka Kadai Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashoka Kadai Veethi?

The Sub Registrar Office covering Ashoka Kadai Veethi is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Perianaickenpalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects the official value set by the authorities.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Ashoka Kadai Veethi?

The current guideline value of Ashoka Kadai Veethi is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,110 per sq.ft in 2024.

What is the land classification for Ashoka Kadai Veethi?

Ashoka Kadai Veethi is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for Ashoka Kadai Veethi?

The registration office for Ashoka Kadai Veethi is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Ashoka Kadai Veethi, the current guideline value is used to determine the applicable fees during registration.