Guideline Value for Aasriar Colony (Ward 14)

Aasriar Colony (Ward 14) guideline value

The current guideline value of Aasriar Colony (Ward 14) is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Aasriar Colony (Ward 14) has changed

The guideline value for Aasriar Colony has seen several revisions over the years. The 2012 revision set the value at Rs 950 per sq.ft, which then decreased to Rs 636 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 1,075 per sq.ft, marking an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 57%. In contrast, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kurichi

In Kurichi village, 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 guideline value for these streets is Rs 1,040 per sq.ft, placing Aasriar Colony's 2024 figure above this median.

• Akshatham: Rs 1,075 per sq.ft (2024)
• 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)
• 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 Aasriar Colony (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees together to Rs 96,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aasriar Colony (Ward 14)?

Aasriar Colony (Ward 14) is covered by 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it affects the financial obligations of both parties involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty will be charged on the higher of the two.

Frequently asked questions

What is the current guideline value of Aasriar Colony (Ward 14)?

The current guideline value of Aasriar Colony (Ward 14) 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 classification of land in Aasriar Colony?

Aasriar Colony is classified as Residential Special Type - IV, which indicates its designated use for residential purposes.

Where can I find the registration office for Aasriar Colony?

The registration office for Aasriar Colony (Ward 14) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How do stamp duty and registration fees work in property transactions?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. It is essential for buyers and sellers to be aware of these fees when engaging in property transactions.