Guideline Value for A.T.T Colony II Main

A.T.T Colony II Main guideline value

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

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

The guideline value for A.T.T Colony II Main has undergone several revisions over the years. The 2007 revision recorded a guideline value of Rs 2,805 per sq.ft, which increased to Rs 4,200 per sq.ft in 2012. However, the value decreased by 33% to Rs 2,814 per sq.ft in 2017. The 2023 revision saw a significant rise to Rs 4,200 per sq.ft, which further increased by 10% in the 2024 revision to the current rate of Rs 4,600 per sq.ft.

Notably, there are no figures available for the years 2002 and 2003 for this street, indicating a gap in the register. The overall increase from the 2007 revision to the 2024 revision is 64%, reflecting the changes in the guideline value over the years.

Guideline values in Ward-9

In Ward-9, there are 73 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median guideline value in this area is Rs 4,200 per sq.ft, and A.T.T Colony II Main's 2024 figure of Rs 4,600 per sq.ft is above that median.

• A.T.T Colony I 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 II Main

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty is charged at 7%, which totals Rs 3,22,000, while the registration fee is at 2%, amounting to Rs 92,000. Together, these fees total Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

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

A.T.T Colony II Main falls under the jurisdiction of the Coimbatore North Joint 1 Sub Registrar Office. The address for this office is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-9

The guideline value is a critical factor when registering property transactions in Ward-9. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties. This ensures that the registration process aligns with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of A.T.T Colony II Main?

The current guideline value of A.T.T Colony II 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 changed from Rs 2,805 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, marking an overall increase of 64% over the years.

What are the stamp duty and registration fees for property in A.T.T Colony II Main?

For a property valued at Rs 46,00,000, the stamp duty is Rs 3,22,000 and the registration fee is Rs 92,000, totaling Rs 4,14,000.

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

The Coimbatore North Joint 1 Sub Registrar Office covers A.T.T Colony II Main, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

What is the median guideline value in Ward-9?

The median guideline value in Ward-9 is Rs 4,200 per sq.ft, with A.T.T Colony II Main's value of Rs 4,600 per sq.ft being above this median.