Guideline Value for Ashokmetha Street

Ashokmetha Street guideline value

The current guideline value of Ashokmetha Street is Rs 205 per sq.ft, effective from 1 July 2024. This street is located in Koogaloor village and falls under the Gobichettipalayam Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ashokmetha Street has changed

The guideline value for Ashokmetha Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, there was a decrease in the value to Rs 67 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 200 per sq.ft in 2023, and it further rose to Rs 205 per sq.ft in the 2024 revision, marking a 3% increase from the previous year.

In summary, the changes between revisions show a remarkable increase of 310% from the 2007 figure to the current 2024 figure. Notably, the register does not have figures for Ashokmetha Street for the years 2002 and 2003.

Guideline values in Koogaloor

In Koogaloor village, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with the median also being Rs 205 per sq.ft. Ashokmetha Street's 2024 guideline value aligns with this median.

• Arumaikarrar Street: Rs 205 per sq.ft (2024)
• Arumaikarar kaliannan Street: Rs 205 per sq.ft (2024)
• Appachi Street: Rs 205 per sq.ft (2024)
• Bagavathi Street: Rs 205 per sq.ft (2024)
• Anthiyur main road: Rs 205 per sq.ft (2024)
• Bank Road: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Ashokmetha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, leading to a total of Rs 18,450. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ashokmetha Street?

The Sub Registrar Office that covers Ashokmetha Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koogaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ashokmetha Street?

The current guideline value of Ashokmetha Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, marking an overall increase of 310% over the years.

What are the other streets in Koogaloor with the same guideline value?

Other streets in Koogaloor that share the same guideline value of Rs 205 per sq.ft include Arumaikarrar Street, Arumaikarar kaliannan Street, Appachi Street, Bagavathi Street, Anthiyur main road, and Bank Road.

What are the stamp duty and registration fees for property in Ashokmetha Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 2,05,000, with stamp duty at 7% amounting to Rs 14,350 and a registration fee at 2% of Rs 4,100, totaling Rs 18,450.

Where is the Sub Registrar Office for Ashokmetha Street located?

The Gobichettipalayam Joint II Sub Registrar Office is located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.