Guideline Value for Agriculture College Road Main

Agriculture College Road Main guideline value

The current guideline value of Agriculture College Road Main is Rs 4,500 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO, and the land classification is Commercial Special Type - III.

How the guideline value of Agriculture College Road Main has changed

The guideline value for Agriculture College Road Main has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,400 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 4,000 per sq.ft, and the latest revision in 2024 has raised it further to Rs 4,500 per sq.ft.

From 2007 to 2024, the overall increase in the guideline value is 221%. The changes between revisions are as follows: from 2007 to 2012, there was an increase of 186%; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 13% increase from 2023 to 2024.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value is Rs 2,900 per sq.ft, making the guideline value of Agriculture College Road Main above this median.

• Agriculuture College Road Lane: Rs 4,500 per sq.ft (2024)
• A.K.S Nagar: Rs 2,900 per sq.ft (2024)
• Arunachalam Road lane: Rs 2,900 per sq.ft (2024)
• Arunachalam Street Main: Rs 3,450 per sq.ft (2024)
• Avinashi Road Lane: Rs 5,600 per sq.ft (2024)
• Avinashi Road Main: Rs 5,600 per sq.ft (2024)

Stamp duty and registration fee for property in Agriculture College Road Main

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value would be Rs 45,00,000. The stamp duty at 7% would amount to Rs 3,15,000, and the registration fee at 2% would be Rs 90,000, totaling Rs 4,05,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Agriculture College Road Main?

The Agriculture College Road Main falls under 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-7

The guideline value is a crucial factor in the registration process of property transactions in Ward-7. It is used to determine the stamp duty and registration fees payable during the registration of property, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value serves as a benchmark for the minimum value of the property, which influences the fees and taxes applicable. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Agriculture College Road Main?

The current guideline value of Agriculture College Road Main is Rs 4,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,400 per sq.ft in 2007 to Rs 4,500 per sq.ft in 2024, with notable fluctuations in between.

What are the other streets in Ward-7 and their guideline values?

Other streets in Ward-7 include Agriculuture College Road Lane at Rs 4,500 per sq.ft, A.K.S Nagar and Arunachalam Road lane at Rs 2,900 per sq.ft, Arunachalam Street Main at Rs 3,450 per sq.ft, and Avinashi Road Lane and Main at Rs 5,600 per sq.ft.

How is stamp duty calculated for properties in Agriculture College Road Main?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 45,00,000 would incur a stamp duty of Rs 3,15,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Agriculture College Road Main?

The Sub Registrar Office for Agriculture College Road Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.