Guideline Value for Addis Street Main

Addis Street Main guideline value

The current guideline value of Addis Street Main is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Addis Street Main has changed

Over the years, the guideline value of Addis Street Main has seen several revisions. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 127% increase. However, in 2017, the value dropped to Rs 1,675 per sq.ft, representing a decrease of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it reached Rs 2,800 per sq.ft in 2024, reflecting a 12% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 155%.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, placing the 2024 guideline value of Addis Street Main below this median.

• Abdul Rahim Road: Rs 4,400 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 Addis Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Addis Street Main?

Addis Street Main falls under the jurisdiction of the Coimbatore North Joint 1 Sub Registrar Office. The office is 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 is essential when registering property transactions in Ward-1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that all property transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Addis Street Main?

The current guideline value of Addis Street Main is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,100 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting a total increase of 155% over the years.

What is the land classification for Addis Street Main?

Addis Street Main is classified as Residential Class I Type - II under the Coimbatore North Joint 1 SRO.

Where can I find the Sub Registrar Office for Addis Street Main?

The Sub Registrar Office covering Addis Street Main is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for property in Addis Street Main?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 28,00,000, leading to a stamp duty of Rs 1,96,000.