Guideline Value for Azath Street

Azath Street guideline value

The current guideline value of Azath Street, located in Ward-8 village under the Coimbatore North Joint 1 SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Azath Street has changed

Over the years, the guideline value of Azath Street has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was later reduced to Rs 3,015 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 5,000 per sq.ft, marking an increase of 11% from the previous year.

In terms of overall changes, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, the jump from the 2017 figure to the 2023 figure was a significant 49% increase. The register has no figures for Azath Street for the years 2002, 2003, and 2007.

Guideline values in Ward-8

In Ward-8, there are 77 streets under the Coimbatore North Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 7,900 per sq.ft. The median guideline value for this area is Rs 4,400 per sq.ft, placing Azath Street's 2024 figure above this median.

• Bashyakaralu Road Lane: Rs 4,400 per sq.ft (2024)
• Bashyakaralu Road Main: Rs 5,000 per sq.ft (2024)
• Arokiyasamy Road Main: Rs 5,700 per sq.ft (2024)
• Arokiyasamy Road Lane: Rs 5,700 per sq.ft (2024)
• Brookebond Colony Main: Rs 3,300 per sq.ft (2024)
• Devanga High School Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Azath Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total cost for these fees to Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azath Street?

The Sub Registrar Office that covers Azath Street 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-8

The guideline value plays a crucial role in the registration process of property transactions in Ward-8. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly affect the overall cost of the transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Azath Street?

The current guideline value of Azath Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What is the land classification of Azath Street?

Azath Street is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the registration office for Azath Street?

The registration office for Azath Street 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 for properties in Azath Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can amount to Rs 4,50,000.