Guideline Value for Ashokar Street

Ashokar Street guideline value

The current guideline value of Ashokar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Ashokar Street has changed

The guideline value for Ashokar Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 570 per sq.ft, which increased substantially to Rs 2,000 per sq.ft in the 2012 revision. However, there was a decrease to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value rose to Rs 2,000 per sq.ft in 2023 and further increased to the current value of Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 286%. The register does not have figures for Ashokar Street for the years 2002 and 2003.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value for this ward is Rs 2,200 per sq.ft, which is the same as the 2024 figure for Ashokar Street.

• Aryan Soap Colony: Rs 2,200 per sq.ft (2024)
• Arunthadhiyar Street: Rs 1,320 per sq.ft (2024)
• Arunachalam Colony: Rs 1,430 per sq.ft (2024)
• Arumugha Theviar Lane: Rs 1,430 per sq.ft (2024)
• Arumugham Layout: Rs 1,430 per sq.ft (2024)
• Avarampalayam Road: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Ashokar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashokar Street?

The Sub Registrar Office that covers Ashokar 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 Ward 10

The guideline value is a crucial factor in property transactions in Ward 10. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value as it influences the overall cost of the transaction.

During the registration process, the guideline value helps in assessing the minimum value of the property for taxation purposes. It ensures that the property is registered at a fair value, which is essential for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Ashokar Street?

The current guideline value of Ashokar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What is the stamp duty rate for properties in Ashokar Street?

The stamp duty rate for properties in Ashokar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ashokar Street located?

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

What is the land classification of Ashokar Street?

Ashokar Street is classified as Residential Class I Type - III under the guideline value register.