Guideline Value for Ansari Street Lane

Ansari Street Lane guideline value

The current guideline value of Ansari Street Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-9 village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Special Type - III.

How the guideline value of Ansari Street Lane has changed

Over the years, the guideline value of Ansari Street Lane has seen significant changes. In 2007, the guideline value was Rs 800 per sq.ft. It increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 338%. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, representing a 49% increase. The latest revision in 2024 has set the guideline value at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

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 388%.

Guideline values in Ward-9

In Ward-9, there are 73 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 10,000 per sq.ft, with a median value of Rs 4,200 per sq.ft. The guideline value of Ansari Street Lane is below this median.

• Ansari Street Main: Rs 4,200 per sq.ft (2024)
• A.T.T Colony II Main: Rs 4,600 per sq.ft (2024)
• A.T.T Colony I Main: Rs 4,600 per sq.ft (2024)
• Balasundaram Road Lane: Rs 7,900 per sq.ft (2024)
• Balasundaram Road Main: Rs 7,900 per sq.ft (2024)
• Bharathi Road Main: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ansari Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ansari Street Lane?

The Sub Registrar Office that covers Ansari Street Lane 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-9

The guideline value plays a crucial role during the registration of property transactions in Ward-9. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold, ensuring that these fees are calculated fairly based on the established rates.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ansari Street Lane?

The current guideline value of Ansari Street Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 800 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, which is an increase of 388% overall.

What is the land classification of Ansari Street Lane?

Ansari Street Lane is classified as Residential Special Type - III under the guideline value register.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. Buyers must pay these fees based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ansari Street Lane?

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