Guideline Value for Abdul Rahim Road

Abdul Rahim Road guideline value

The current guideline value of Abdul Rahim Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - III.

How the guideline value of Abdul Rahim Road has changed

In the 2007 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a 150% increase. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The 2023 revision saw a substantial increase to Rs 4,000 per sq.ft, followed by another rise to the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward-1

There are 97 streets in Ward-1 under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft, with a median value of Rs 3,400 per sq.ft. Abdul Rahim Road's 2024 guideline value is above this median.

• Addis Street Main: Rs 2,800 per sq.ft (2024)
• Air India Road: Rs 4,400 per sq.ft (2024)
• Anupparpalayam: Rs 1,400 per sq.ft (2024)
• Anupparpalayam Lane: Rs 1,400 per sq.ft (2024)
• Anupparpalayam Main: Rs 1,400 per sq.ft (2024)
• Arts College Road: Rs 7,900 per sq.ft (2024)

Stamp duty and registration fee for property in Abdul Rahim Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Abdul Rahim Road?

The Sub Registrar Office that covers Abdul Rahim Road 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Ward-1. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher value between the sale price and the guideline value is taken into account for calculating these fees. This ensures that the government receives due revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Abdul Rahim Road?

The current guideline value of Abdul Rahim Road 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 seen various changes, starting from Rs 1,600 per sq.ft in 2007, rising to Rs 4,400 per sq.ft in 2024, with notable fluctuations in between, including a decrease in 2017.

What is the land classification for Abdul Rahim Road?

Abdul Rahim Road is classified as Residential Special Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties on Abdul Rahim Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,96,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Abdul Rahim Road?

The Sub Registrar Office for Abdul Rahim Road is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. This office handles all registration activities for the area.