Guideline Value for Ammaniammal Colony (Ward 20)

Ammaniammal Colony (Ward 20) guideline value

The current guideline value of Ammaniammal Colony (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ammaniammal Colony (Ward 20) has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This value decreased to Rs 502 per sq.ft in 2017. Following this, there was a significant increase, with the 2023 revision setting the value at Rs 1,000 per sq.ft, and the most recent 2024 revision raising it further to Rs 1,040 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 99%. The overall change from 2012 to 2024 shows an increase of 39%, reflecting the current guideline value of Rs 1,040 per sq.ft.

Guideline values in Kurichi

In Kurichi, 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, making Ammaniammal Colony's 2024 figure equal to this median.

• Ameer Saibu Street (Ward 11): Rs 1,035 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)
• Anbu Nagar (Ward 9): Rs 1,040 per sq.ft (2024)
• Akshatham: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaniammal Colony (Ward 20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, totaling Rs 93,600. 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 Ammaniammal Colony (Ward 20)?

The Sub Registrar Office that covers Ammaniammal Colony (Ward 20) 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 for more information.

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. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, reflecting the current market standards as set by the Registration Department. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Ammaniammal Colony (Ward 20)?

The current guideline value of Ammaniammal Colony (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,040 per sq.ft in 2024.

What is the land classification for Ammaniammal Colony?

The land classification for Ammaniammal Colony (Ward 20) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Ammaniammal Colony?

The Sub Registrar Office for Ammaniammal Colony (Ward 20) is located at the Coimbatore North Joint 1 Sub Registrar Office on Syryan Church Road, Coimbatore -641001.

How is the stamp duty calculated for properties in Ammaniammal Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 10,40,000, the stamp duty would be Rs 72,800.