Guideline Value for AZAD NAGAR

Azad Nagar guideline value

The current guideline value of Azad Nagar, located in Coimbatore village under the Coimbatore North Joint 1 SRO, is Rs 1,030 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Azad Nagar has changed

The guideline value of Azad Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 180 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The most recent revisions show a rise to Rs 1,000 per sq.ft in 2023, followed by an increase to Rs 1,030 per sq.ft in 2024, marking a 3% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 149%. The increase from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was an increase of 233%. Overall, from 2007 to 2024, the guideline value has increased by 472%. The register has no figures for the years 2002 and 2003 for this street.

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 Azad Nagar's 2024 figure below this median.

• Arul Nagar: Rs 1,015 per sq.ft (2024)
• Arignar Anna Nagar: Rs 1,050 per sq.ft (2024)
• BILAL ESTATE IInd STREET: Rs 1,025 per sq.ft (2024)
• BILAL ESTATE Ist STREET: Rs 1,025 per sq.ft (2024)
• Bilal Nagar/Estate: Rs 1,025 per sq.ft (2024)
• Anna Nagar: Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Azad Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,030 per sq.ft, the total guideline value would be Rs 10,30,000. The stamp duty at 7% would amount to Rs 72,100, and the registration fee at 2% would be Rs 20,600, bringing the total costs together to Rs 92,700. It is important to note that 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 information.

Which Sub Registrar Office covers Azad Nagar?

The Sub Registrar Office that covers Azad Nagar 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 is a crucial factor in property transactions in Coimbatore. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. The registration process requires adherence to the guideline value, which helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Azad Nagar?

The current guideline value of Azad Nagar is Rs 1,030 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, increasing from Rs 180 per sq.ft in 2007 to Rs 1,030 per sq.ft in 2024, marking an overall increase of 472%.

What is the median guideline value for streets in Coimbatore?

The median guideline value for the 52 streets in Coimbatore under the Coimbatore North Joint 1 SRO is Rs 1,038 per sq.ft.

What are the stamp duty rates for property in Azad Nagar?

The stamp duty rate for property transactions in Azad Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Azad Nagar?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Azad Nagar, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.