Guideline Value for Azakapuri Road

Azakapuri Road guideline value

The current guideline value of Azakapuri Road is Rs 420 per sq.ft. This street is located in Ward 4 village under the Pollachi SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Azakapuri Road has changed

Over the years, the guideline value of Azakapuri Road has seen several revisions. The earliest recorded figure is from 2002, which was Rs 259 per sq.ft. In 2003, this value increased to Rs 279 per sq.ft, marking an 8% rise. The 2007 revision saw a slight increase to Rs 285 per sq.ft, which was a 2% change. In 2012, the value jumped to Rs 420 per sq.ft, reflecting a significant increase of 47% from the previous revision. However, this figure remained unchanged in the 2017 revision. The 2023 revision also maintained the same value of Rs 420 per sq.ft, and the upcoming 2024 revision will continue this rate.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2002 to 2024, the guideline value has increased by 62%. The register has no figures for any other years for this street.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO, with guideline values ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 675 per sq.ft, which means that Azakapuri Road's 2024 figure is below this median.

• Azakappa Colony: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 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 Azakapuri Road

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, and the registration fee at 2% would be Rs 8,400, together totaling Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azakapuri Road?

The Sub Registrar Office that covers Azakapuri Road is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, 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

The guideline value is a crucial factor in the registration process of property transactions in Ward 4. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, which is important for budgeting purposes.

Frequently asked questions

What is the current guideline value of Azakapuri Road?

The current guideline value of Azakapuri Road is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 259 per sq.ft in 2002 to Rs 420 per sq.ft in 2024, reflecting an overall increase of 62% over the years.

What are the stamp duty and registration fees for a property on Azakapuri Road?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 4,20,000, with stamp duty at Rs 29,400 and registration fee at Rs 8,400, totaling Rs 37,800.

Which Sub Registrar Office handles transactions for Azakapuri Road?

The Pollachi Sub Registrar Office handles transactions for Azakapuri Road, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for property transactions and is essential for calculating stamp duty and registration fees during the buying or selling process.