Guideline Value for AKSHATHAM

Akshatham guideline value

The current guideline value for Akshatham, located in Kurichi village under the Coimbatore North Joint 1 SRO, is Rs 1,075 per sq.ft. This value is set to take effect from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Akshatham has changed

The guideline value for Akshatham has seen several revisions over the years. In 2012, the value was Rs 950 per sq.ft, which decreased to Rs 636 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 57% rise. The most recent revision in 2024 set the value at Rs 1,075 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing Akshatham's 2024 figure above this median.

• Alagu Nagar (Venkikdusamy Layout) (Ward 3): Rs 1,040 per sq.ft (2024)
• Ameer Saibu Street (Ward 11): Rs 1,035 per sq.ft (2024)
• Ammaniammal Colony (Ward 20): Rs 1,040 per sq.ft (2024)
• Aasriar Colony (Ward 14): Rs 1,075 per sq.ft (2024)
• Amman Nagar (Ward 20): Rs 1,040 per sq.ft (2024)
• Amman Nagar (Ward 6): Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Akshatham

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total cost for these fees to Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value or 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 Akshatham?

Akshatham 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 details.

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

The guideline value is a critical factor when registering property transactions in Kurichi. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a fair value for tax purposes.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory charges during the registration process. This ensures that all parties are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value for Akshatham?

The current guideline value for Akshatham is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 636 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification for Akshatham?

Akshatham is classified as Residential Special Type - IV, which indicates the type of development allowed in the area.

Where can I find the registration office for Akshatham?

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

How is the stamp duty calculated for properties in Akshatham?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 75,250.