Guideline Value for AL-AMIN COLONY

Al-Amin Colony guideline value

The current guideline value of Al-Amin Colony is Rs 1,050 per sq.ft, effective from 1 July 2024. This locality is situated in Coimbatore village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Special Type - III.

How the guideline value of Al-Amin Colony has changed

Over the years, the guideline value for Al-Amin Colony has seen significant changes. The 2007 revision set the value at Rs 230 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, there was a decrease to Rs 335 per sq.ft in 2017. The following years showed a substantial increase, with the value rising to Rs 1,000 per sq.ft in 2023 and then to Rs 1,050 per sq.ft in 2024, marking a 5% increase from the previous year. The register has no figures for the years 2002 and 2003.

From the 2017 revision to 2023, the increase was remarkable at 199%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a notable increase of 117%. Overall, when comparing the 2007 revision to the current 2024 value, there has been a significant increase of 357%.

Guideline values in Coimbatore

In Coimbatore, there are 52 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,905 per sq.ft. The median value for these streets is Rs 1,038 per sq.ft, placing Al-Amin Colony's 2024 figure above this median.

• Anbu Nagar: Rs 1,015 per sq.ft (2024)
• Anna Nagar: Rs 1,040 per sq.ft (2024)
• Arignar Anna Nagar: Rs 1,050 per sq.ft (2024)
• Arul Nagar: Rs 1,015 per sq.ft (2024)
• Azad Nagar: Rs 1,030 per sq.ft (2024)
• BILAL ESTATE IInd STREET: Rs 1,025 per sq.ft (2024)

Stamp duty and registration fee for property in Al-Amin Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,050 per sq.ft, the guideline value would be Rs 10,50,000. The stamp duty at 7% would amount to Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Al-Amin Colony?

The Sub Registrar Office covering Al-Amin Colony 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Coimbatore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs in the registration process. This ensures that both parties in the transaction are compliant with the legal requirements set forth by the local authorities.

Frequently asked questions

What is the current guideline value of Al-Amin Colony?

The current guideline value of Al-Amin Colony is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 230 per sq.ft to Rs 1,050 per sq.ft in 2024, marking an overall increase of 357%.

What is the land classification of Al-Amin Colony?

Al-Amin Colony is classified as Residential Special Type - III under the local land classification system.

Where can I find the Sub Registrar Office for Al-Amin Colony?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total cost would be Rs 94,500, including stamp duty and registration fees.