Guideline Value for Ameer Saibu Street (Ward 11)

Ameer Saibu Street (Ward 11) guideline value

The current guideline value of Ameer Saibu Street (Ward 11) is Rs 1,035 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ameer Saibu Street (Ward 11) has changed

The guideline value for Ameer Saibu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. This marks a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 149%, rising to Rs 1,000 per sq.ft. The most recent revision in 2024 brought the value to Rs 1,035 per sq.ft, reflecting a 4% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Ameer Saibu Street. Overall, from 2012 to 2024, the guideline value has increased by 73%.

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 Ameer Saibu Street's 2024 figure below that median.

• 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)
• Alagu Nagar (Venkikdusamy Layout) (Ward 3): Rs 1,040 per sq.ft (2024)
• Akshatham: Rs 1,075 per sq.ft (2024)
• Anbu Nagar (Ward 9): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Ameer Saibu Street (Ward 11)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,035 per sq.ft, the total guideline value amounts to Rs 10,35,000. The stamp duty at 7% would be Rs 72,450, and the registration fee at 2% would be Rs 20,700, bringing the total cost for these fees to Rs 93,150. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ameer Saibu Street (Ward 11)?

The Sub Registrar Office that covers Ameer Saibu Street (Ward 11) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. You can find your SRO here.

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

The guideline value is a crucial factor in property transactions in Kurichi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. This ensures that all parties are informed and compliant with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Ameer Saibu Street?

The current guideline value of Ameer Saibu Street (Ward 11) is Rs 1,035 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 600 per sq.ft in 2012 to Rs 1,035 per sq.ft in 2024, marking an overall increase of 73% from 2012 to 2024.

What is the land classification of Ameer Saibu Street?

Ameer Saibu Street is classified as Residential Class II Type - II, which indicates the type of development allowed in the area.

Which office handles registrations for properties in Ameer Saibu Street?

The Coimbatore North Joint 1 Sub Registrar Office is responsible for handling registrations for properties in Ameer Saibu Street (Ward 11).

How is stamp duty calculated for properties in Kurichi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 72,450.