Guideline Value for A.D.Street (or) Devendra Street Sooriyan Street Lane

A.D.Street (or) Devendra Street Sooriyan Street Lane guideline value

The current guideline value of A.D.Street (or) Devendra Street Sooriyan Street Lane is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village, under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of A.D.Street (or) Devendra Street Sooriyan Street Lane has changed

The guideline value for A.D.Street (or) Devendra Street Sooriyan Street Lane has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, representing a decline of 33%. The value then rose to Rs 1,800 per sq.ft in the 2023 revision, and the latest revision in 2024 has set the guideline value at Rs 2,100 per sq.ft, reflecting a 17% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 250%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward-2

In Ward-2, there are 79 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,800 per sq.ft, with a median value of Rs 1,800 per sq.ft. The guideline value of A.D.Street (or) Devendra Street Sooriyan Street Lane is above this median.

• A.D.Street (or) Devendra Street Sooriyan Street Main: Rs 2,100 per sq.ft (2024)
• Adham Kutty lane: Rs 1,300 per sq.ft (2024)
• Ayyannan Street Lane: Rs 1,200 per sq.ft (2024)
• Ayyannan Street Main: Rs 1,700 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,300 per sq.ft (2024)
• Baskara Naidu Lane 1: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in A.D.Street (or) Devendra Street Sooriyan Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. 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 further calculations.

Which Sub Registrar Office covers A.D.Street (or) Devendra Street Sooriyan Street Lane?

The Sub Registrar Office that covers A.D.Street (or) Devendra Street Sooriyan Street Lane is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-2

The guideline value plays a crucial role in property transactions in Ward-2, as it determines the minimum value at which properties can be registered. When a property is sold, the registration process requires the payment of stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of A.D.Street (or) Devendra Street Sooriyan Street Lane?

The current guideline value of A.D.Street (or) Devendra Street Sooriyan Street Lane is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, showing an overall increase of 250% over the years.

What was the guideline value in 2023?

The guideline value for A.D.Street (or) Devendra Street Sooriyan Street Lane in 2023 was Rs 1,800 per sq.ft.

Which Sub Registrar Office covers this street?

The Coimbatore North Joint 1 Sub Registrar Office covers A.D.Street (or) Devendra Street Sooriyan Street Lane, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000.