Guideline Value for Athaas Valavu

Athaas Valavu guideline value

The current guideline value of Athaas Valavu in Kurichi village is Rs 1,035 per sq.ft, effective from 1 July 2024. This property falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Athaas Valavu has changed

The guideline value for Athaas Valavu has experienced several revisions over the years. In 2003, the value was Rs 118 per sq.ft, which increased to Rs 160 per sq.ft in 2007. Following this, the value saw a significant jump to Rs 600 per sq.ft in 2012, before dropping to Rs 402 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,035 per sq.ft as of the 2024 revision. Notably, the register has no figure for this street for the year 2002.

Examining the changes between revisions, the value increased by 36% from 2003 to 2007, then surged by 275% from 2007 to 2012. However, it decreased by 33% from 2012 to 2017. A remarkable rise of 149% occurred from 2017 to 2023, followed by a 4% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 777%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO, with 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 Athaas Valavu's current value slightly below this median.

• Astalakshmi Nagar (Madukkarai Road) (Ward 18): Rs 1,055 per sq.ft (2024)
• Ashok Nagar (Madukkarai Road) (Ward 18): Rs 1,055 per sq.ft (2024)
• Auditor Street (Ward 10): Rs 1,040 per sq.ft (2024)
• Asbesters Street (Ward 7): Rs 1,035 per sq.ft (2024)
• A.V.G Layout (Ward 17): Rs 1,055 per sq.ft (2024)
• Arumuga Thevar Sandhu (Ward 4): Rs 1,035 per sq.ft (2024)

Stamp duty and registration fee for property in Athaas Valavu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,035 per sq.ft, the total guideline value would be Rs 10,35,000. The stamp duty at 7% would amount to 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 the 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 precise calculations.

Which Sub Registrar Office covers Athaas Valavu?

The Athaas Valavu area is covered by 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 Kurichi

The guideline value is a critical factor in property transactions in Kurichi, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Athaas Valavu?

The current guideline value of Athaas Valavu 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 changed significantly from Rs 118 per sq.ft in 2003 to Rs 1,035 per sq.ft in 2024, showing an overall increase of 777% over this period.

What is the classification of land in Athaas Valavu?

Athaas Valavu is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the registration office for Athaas Valavu?

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

How is stamp duty calculated in Athaas Valavu?

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