Guideline Value for Askar Avenue

Askar Avenue guideline value

The current guideline value of Askar Avenue in Villankuruchi village, under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Askar Avenue has changed

The guideline value for Askar Avenue has seen several revisions over the years. In 2007, the value was Rs 125 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. Following this, the value surged to Rs 1,000 per sq.ft in 2023, and most recently, it has risen to Rs 1,010 per sq.ft in 2024, marking a 1% increase from the previous year.

From 2017 to 2023, the guideline value increased by 99%. The change from 2012 to 2017 represented a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 500%. Overall, from 2007 to 2024, the guideline value has increased by 708%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft, with a median value of Rs 1,008 per sq.ft. Askar Avenue's 2024 guideline value is above this median.

• Ashokji Nagar: Rs 1,006 per sq.ft (2024)
• Arivooli Nagar: Rs 1,006 per sq.ft (2024)
• Ayyapa Nagar: Rs 1,010 per sq.ft (2024)
• Ayyappa Avenue: Rs 1,006 per sq.ft (2024)
• Appachi Gardens: Rs 1,010 per sq.ft (2024)
• Apex Garden: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Askar Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,010 per sq.ft, the guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, totaling Rs 90,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Askar Avenue?

The Sub Registrar Office that covers Askar Avenue is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Villankuruchi. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and reflects the market value of properties in the area.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both buyers and sellers to be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Askar Avenue?

The current guideline value of Askar Avenue is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 708% over this period.

What is the land classification of Askar Avenue?

Askar Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Askar Avenue?

For a 1,000 sq.ft plot valued at Rs 10,10,000, the stamp duty would be Rs 70,700 and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office should I contact for registration in Askar Avenue?

The Ganapathy Sub Registrar Office is responsible for registrations in Askar Avenue, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.