Guideline Value for Asokar street

Asokar street guideline value

The current guideline value of Asokar street in Vellalore village is Rs 770 per sq.ft, effective from the 2024 revision. This street falls under the Singanallur SRO and is classified as Residential Class I Type - I.

How the guideline value of Asokar street has changed

Asokar street has seen significant changes in its guideline value over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was followed by a decrease to Rs 469 per sq.ft in the 2017 revision, marking a decline of 33%. The 2023 revision increased the value to Rs 700 per sq.ft, and the latest 2024 revision raised it further to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for Asokar street in the years 2002, 2003, and 2007.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO, with guideline values ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Asokar street's 2024 figure above this median.

• Ashok Metha Street: Rs 330 per sq.ft (2024)
• Athithi Garden: Rs 770 per sq.ft (2024)
• Aruthra Nagar Phase 1: Rs 330 per sq.ft (2024)
• Aruthra Nagar: Rs 330 per sq.ft (2024)
• Arupadai Nagar: Rs 220 per sq.ft (2024)
• Arumuganayakar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Asokar street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that 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 Asokar street?

The Sub Registrar Office that covers Asokar street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vellalore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When a property is registered, the guideline value is assessed to determine the applicable taxes and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Asokar street?

The current guideline value of Asokar street is Rs 770 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Asokar street?

Asokar street is classified as Residential Class I Type - I, which is important for determining the guideline value and property regulations.

What are the stamp duty and registration fees for property in Asokar street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations for Asokar street?

The Singanallur Sub Registrar Office handles property registrations for Asokar street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.