Guideline Value for Ansari Street Main

Ansari Street Main guideline value

The current guideline value of Ansari Street Main is Rs 4,200 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 - II.

How the guideline value of Ansari Street Main has changed

The guideline value for Ansari Street Main has undergone several revisions over the years. In 2007, the value was Rs 2,805 per sq.ft, which increased to Rs 3,800 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,546 per sq.ft. Following this, a significant rise occurred, with the 2017 revision setting the value at Rs 3,800 per sq.ft in 2023, and then further increasing to Rs 4,200 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The overall change from 2007 to 2024 reflects a 50% increase. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. The median value for these streets is Rs 4,200 per sq.ft, which is equal to the current guideline value of Ansari Street Main.

• Ansari Street Lane: Rs 3,900 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 Main

For a 1,000 sq.ft plot at the current rate of Rs 4,200 per sq.ft, the guideline value amounts to Rs 42,00,000. The stamp duty at 7% would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, totaling Rs 3,78,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ansari Street Main?

The Sub Registrar Office that covers Ansari Street Main 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 further assistance.

How the guideline value is used when you buy or sell in Ward-9

The guideline value is essential during the registration process of property transactions in Ward-9. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees based on the property's value, ensuring that the transaction is legally compliant and transparent.

Frequently asked questions

What is the current guideline value of Ansari Street Main?

The current guideline value of Ansari Street Main is Rs 4,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,805 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, reflecting a 50% increase overall.

What is the land classification for Ansari Street Main?

Ansari Street Main is classified as Residential Special Type - II, indicating its use for residential purposes.

Where can I find the registration office for Ansari Street Main?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 42,00,000 incurs a total fee of Rs 3,78,000.