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

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

The current guideline value of A.D.Street (or) Devendra Street Sooriyan Street Main 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 Main has changed

The guideline value for A.D.Street (or) Devendra Street Sooriyan Street Main has seen several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it decreased to Rs 1,206 per sq.ft in 2017. The value then rose significantly to Rs 1,800 per sq.ft in 2023, culminating in the current value of Rs 2,100 per sq.ft from the 2024 revision.

In terms of percentage changes, the value increased by 64% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent increase from 2023 to 2024 is 17%. Overall, from 2007 to 2024, the guideline value has increased by 91%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-2

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

• A.D.Street (or) Devendra Street Sooriyan Street Lane: 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 Main

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 fees together 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 more detailed calculations.

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

The A.D.Street (or) Devendra Street Sooriyan Street Main falls under the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ward-2. It is used to determine the stamp duty and registration fees applicable when buying or selling property in this area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

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

The current guideline value of A.D.Street (or) Devendra Street Sooriyan Street Main 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 1,100 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of 91% over the years.

What is the land classification for A.D.Street (or) Devendra Street Sooriyan Street Main?

A.D.Street (or) Devendra Street Sooriyan Street Main is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering A.D.Street (or) Devendra Street Sooriyan Street Main is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 at 7%.