Guideline Value for A.T.T Colony I Main

A.T.T Colony I Main guideline value

The current guideline value for A.T.T Colony I Main is Rs 4,600 per sq.ft, effective from 1 July 2024. This property is located in Ward-9 village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of A.T.T Colony I Main has changed

The guideline value for A.T.T Colony I Main has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,600 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 4,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,814 per sq.ft, marking a significant increase of 49% from the previous 2023 figure.

Looking further back, the 2012 revision also had a value of Rs 4,200 per sq.ft, which represented a decrease of 33% from the 2017 figure. The 2007 revision set the value at Rs 2,805 per sq.ft, which was a 50% increase from the 2012 value. Notably, the register has no figures for this street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 64%.

Guideline values in Ward-9

In Ward-9, there are 73 streets that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median value for these streets is Rs 4,200 per sq.ft, making the guideline value for A.T.T Colony I Main above this median.

• A.T.T Colony II Main: Rs 4,600 per sq.ft (2024)
• Balasundaram Road Lane: Rs 7,900 per sq.ft (2024)
• Balasundaram Road Main: Rs 7,900 per sq.ft (2024)
• Ansari Street Main: Rs 4,200 per sq.ft (2024)
• Ansari Street Lane: Rs 3,900 per sq.ft (2024)
• Bharathi Road Main: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in A.T.T Colony I Main

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost together to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.T.T Colony I Main?

The A.T.T Colony I Main falls under the jurisdiction of 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-9

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-9. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, aligning with the current market conditions as reflected in the revisions. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for A.T.T Colony I Main?

The current guideline value for A.T.T Colony I Main is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 2,805 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 64% over the years.

What is the registration office for A.T.T Colony I Main?

The registration office for A.T.T Colony I Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the stamp duty for property in A.T.T Colony I Main?

The stamp duty for property in A.T.T Colony I Main is calculated at 7% of the guideline value or the sale price, whichever is higher.

What are the other guideline values in Ward-9?

In Ward-9, the guideline values range from Rs 1,550 to Rs 10,000 per sq.ft, with A.T.T Colony I Main's value being Rs 4,600 per sq.ft, which is above the median value of Rs 4,200 per sq.ft.