Guideline Value for Arts College Road

Arts College Road guideline value

The current guideline value of Arts College Road is Rs 7,900 per sq.ft, effective from 1 July 2024. This road is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - I.

How the guideline value of Arts College Road has changed

The guideline value for Arts College Road has seen several revisions over the years. The 2007 revision set the value at Rs 2,460 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this value decreased to Rs 4,690 per sq.ft in the 2017 revision. Following this, the value rose to Rs 7,000 per sq.ft in 2023, and it has now reached Rs 7,900 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From the 2017 to 2023 revision, the value increased by 49%. The jump from 2023 to 2024 represents a 13% increase. Overall, from the 2007 revision to the current 2024 figure, there has been a significant increase of 221%.

Guideline values in Ward-1

In Ward-1, there are 97 streets that carry a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft, with a median value of Rs 3,400 per sq.ft. Arts College Road's 2024 guideline value is above this median.

• Arts College Road Lane: Rs 4,900 per sq.ft (2024)
• Anupparpalayam Main: Rs 1,400 per sq.ft (2024)
• Anupparpalayam Lane: Rs 1,400 per sq.ft (2024)
• Anupparpalayam: Rs 1,400 per sq.ft (2024)
• A.T Devarajalu Road: Rs 4,400 per sq.ft (2024)
• A.T.T Colony I: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arts College Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,900 per sq.ft, the total guideline value would be Rs 79,00,000. The stamp duty at 7% would amount to Rs 5,53,000, while the registration fee at 2% would be Rs 1,58,000, bringing the total fees together to Rs 7,11,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arts College Road?

The Sub Registrar Office that covers Arts College Road is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward-1

The guideline value plays a crucial role during the registration of property transactions in Ward-1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are recorded at a fair value as per the government regulations.

When buying or selling property, the guideline value helps in assessing the appropriate fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arts College Road?

The current guideline value of Arts College Road is Rs 7,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, moving from Rs 2,460 per sq.ft in 2007 to Rs 7,900 per sq.ft in 2024, an overall increase of 221%.

What are the stamp duty rates for properties in Arts College Road?

The stamp duty rate for properties in Arts College Road is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Arts College Road?

The registrations for Arts College Road are handled by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

What is the land classification for Arts College Road?

Arts College Road is classified as Commercial Special Type - I, which influences its guideline value and usage.