Guideline Value for A.T Devarajalu Road

A.T Devarajalu Road guideline value

The current guideline value of A.T Devarajalu Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - III.

How the guideline value of A.T Devarajalu Road has changed

The guideline value for A.T Devarajalu Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,600 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The register has no figures for A.T Devarajalu Road for the years 2002 and 2003.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median value is Rs 3,400 per sq.ft, placing A.T Devarajalu Road's 2024 figure above this median.

• A.T.T Colony I: Rs 4,400 per sq.ft (2024)
• A.T.T Colony II: Rs 4,400 per sq.ft (2024)
• Avinashi Road Main: Rs 7,900 per sq.ft (2024)
• Arts College Road Lane: Rs 4,900 per sq.ft (2024)
• Arts College Road: Rs 7,900 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.T Devarajalu Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that 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 A.T Devarajalu Road?

The Sub Registrar Office covering A.T Devarajalu Road is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-1

The guideline value plays a crucial role in property transactions within Ward-1. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the necessary fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.T Devarajalu Road?

The current guideline value of A.T Devarajalu Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,600 per sq.ft in 2007 and reaching Rs 4,400 per sq.ft in 2024. There have been various increases and decreases in between, with the most recent change being a 10% increase from 2023 to 2024.

What are the guideline values for other streets in Ward-1?

Other streets in Ward-1 have guideline values ranging from Rs 1,400 to Rs 7,900 per sq.ft. Notably, A.T.T Colony I and II both share the same value as A.T Devarajalu Road at Rs 4,400 per sq.ft.

What fees are associated with buying property on A.T Devarajalu Road?

When purchasing property on A.T Devarajalu Road, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.T Devarajalu Road?

The Sub Registrar Office for A.T Devarajalu Road is located at the District Registrar Office on Syryan Church Road, Coimbatore -641001. This office handles the registration of properties in the area.