Guideline Value for Azakappa Colony

Azakappa Colony guideline value

The current guideline value of Azakappa Colony, located in Ward 4 village under the Pollachi SRO, is Rs 675 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Azakappa Colony has changed

The guideline value for Azakappa Colony has seen several revisions over the years. In 2002, the value was Rs 228 per sq.ft, which increased to Rs 247 per sq.ft in 2003, marking an increase of 8%. The value continued to rise, reaching Rs 375 per sq.ft in 2007, a 52% increase from the previous revision. By 2012, the value was Rs 675 per sq.ft, reflecting an 80% increase. However, in 2017, the value dropped to Rs 452 per sq.ft, a decrease of 33%. The value then remained at Rs 675 per sq.ft from 2017 until the 2024 revision.

The 2024 revision maintains the guideline value at Rs 675 per sq.ft, showing no change from the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 196%.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with the median value being Rs 675 per sq.ft. Azakappa Colony's 2024 value aligns with this median.

• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azakapuri Road: Rs 420 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagammal Layout: Rs 541 per sq.ft (2024)
• Balakrishna Layout: Rs 420 per sq.ft (2024)
• Bangalow Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Azakappa Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value would be Rs 6,75,000. The stamp duty at 7% would be Rs 47,250, and the registration fee at 2% would be Rs 13,500, bringing the total cost for these fees to Rs 60,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azakappa Colony?

The Azakappa Colony falls under the jurisdiction of the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

When buying or selling property in Ward 4, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate charges are applied during the registration process.

The guideline value also serves as a reference point for property transactions, providing a standardized measure of value that helps both buyers and sellers understand the worth of the property being exchanged.

Frequently asked questions

What is the current guideline value of Azakappa Colony?

The current guideline value of Azakappa Colony is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Azakappa Colony has seen significant changes, with an overall increase of 196% from Rs 228 per sq.ft in 2002 to Rs 675 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Azakappa Colony?

For a property valued at Rs 6,75,000, the stamp duty would be Rs 47,250, and the registration fee would be Rs 13,500, totaling Rs 60,750.

Which office registers properties in Azakappa Colony?

The Pollachi Sub Registrar Office registers properties in Azakappa Colony, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification in Azakappa Colony?

The land classification for Azakappa Colony is Residential Class IV Type - I, indicating its designated use for residential purposes.