Guideline Value for A.T.T Colony II

A.T.T Colony II guideline value

The current guideline value for A.T.T Colony II is Rs 4,400 per sq.ft, effective from 1 July 2024. This property 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.T Colony II has changed

The guideline value for A.T.T Colony II has seen several revisions over the years. The earliest recorded figure is from 2007, at Rs 2,805 per sq.ft. This value increased to Rs 4,000 per sq.ft in 2012, marking a 43% rise. However, it then dropped to Rs 2,680 per sq.ft in 2017, which is a decrease of 33%. The value surged again to Rs 4,000 per sq.ft in 2023, reflecting a significant increase of 49%. The latest revision in 2024 sets the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 57%.

Guideline values in Ward-1

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

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for these fees would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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

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

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

The guideline value is a crucial factor during property transactions in Ward-1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value, as the duty is charged on the higher of the two figures.

Frequently asked questions

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

The current guideline value of A.T.T Colony II 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 from Rs 2,805 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for A.T.T Colony II?

A.T.T Colony II is classified as Residential Special Type - III under the Coimbatore North Joint 1 SRO.

Where can I find the Sub Registrar Office for A.T.T Colony II?

The Sub Registrar Office for A.T.T Colony II is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in A.T.T Colony II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the stamp duty would be calculated on Rs 44,00,000.