Guideline Value for A.R.SUBBIAH NAIDU STREET

A.R.Subbiah Naidu Street guideline value

The current guideline value of A.R.Subbiah Naidu Street is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Krinshnarayapuram village and falls under the Peelamedu SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of A.R.Subbiah Naidu Street has changed

Over the years, the guideline value of A.R.Subbiah Naidu Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, followed by a slight increase to Rs 1,005 per sq.ft in the 2024 revision, reflecting a 1% rise.

There are no figures available for the years 2002, 2003, and 2007 in the register for A.R.Subbiah Naidu Street. From the 2012 figure to the 2024 figure, there has been an overall increase of 1%, with a notable 49% increase from 2017 to 2023.

Guideline values in Krinshnarayapuram

Krinshnarayapuram has a total of 57 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,005 per sq.ft, which is the same as the current value for A.R.Subbiah Naidu Street.

• Arasamara Street: Rs 1,005 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Balasundaram Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in A.R.Subbiah Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total fees together to Rs 90,450. It is important to note that the 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 information.

Which Sub Registrar Office covers A.R.Subbiah Naidu Street?

The Sub Registrar Office that covers A.R.Subbiah Naidu Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Krinshnarayapuram. It is used as a basis for calculating the stamp duty and registration fees when registering a property. Buyers and sellers should be aware that the guideline value is a reference point for the value of the property being sold or purchased.

When a property is sold, the registration office will assess the guideline value to determine the applicable fees. This ensures that the transaction is recorded accurately and reflects the value of the property in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value of A.R.Subbiah Naidu Street?

The current guideline value of A.R.Subbiah Naidu Street is Rs 1,005 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 back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,005 per sq.ft in 2024.

What is the land classification for A.R.Subbiah Naidu Street?

A.R.Subbiah Naidu Street is classified as Residential Class II Type - I.

Which Sub Registrar Office handles the registration for A.R.Subbiah Naidu Street?

The Peelamedu Sub Registrar Office handles the registration for A.R.Subbiah Naidu Street, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in A.R.Subbiah Naidu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,05,000 would incur a stamp duty of Rs 70,350 at 7%.