Guideline Value for Auditor Street (Ward 10)

Auditor Street (Ward 10) guideline value

The current guideline value of Auditor Street (Ward 10) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Auditor Street (Ward 10) has changed

Auditor Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 750 per sq.ft, which changed to Rs 502 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 99% rise. The most recent revision in 2024 raised the guideline value to Rs 1,040 per sq.ft, reflecting a 4% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

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 value for these streets is Rs 1,040 per sq.ft, which is the same as the current guideline value for Auditor Street.

• A.V.G Layout (Ward 17): Rs 1,055 per sq.ft (2024)
• Athaas Valavu: Rs 1,035 per sq.ft (2024)
• 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)
• Ayya Gounder Street: Rs 1,035 per sq.ft (2024)
• Asbesters Street (Ward 7): Rs 1,035 per sq.ft (2024)

Stamp duty and registration fee for property in Auditor Street (Ward 10)

For a 1,000 sq.ft plot at the current rate of Rs 1,040 per sq.ft, the guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, totaling Rs 93,600. 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 details.

Which Sub Registrar Office covers Auditor Street (Ward 10)?

The Sub Registrar Office that covers Auditor Street (Ward 10) 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 Kurichi

The guideline value is a crucial factor in property transactions in Kurichi. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements and accurately assess costs associated with property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. It is essential for both parties to understand this value to avoid discrepancies during the sale and registration process.

Frequently asked questions

What is the current guideline value of Auditor Street (Ward 10)?

The current guideline value of Auditor Street (Ward 10) 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 1,040 per sq.ft in 2024, with various revisions in between, including a significant increase of 99% from 2017 to 2023.

What is the land classification for Auditor Street (Ward 10)?

Auditor Street (Ward 10) is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Auditor Street (Ward 10)?

The Sub Registrar Office for Auditor Street (Ward 10) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Auditor Street (Ward 10)?

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