Guideline Value for Adham Kutty lane

Adham Kutty lane guideline value

The current guideline value of Adham Kutty lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village under the Coimbatore North Joint 1 SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Adham Kutty lane has changed

The guideline value for Adham Kutty lane has seen several revisions over the years. As of the 2024 revision, the value is Rs 1,300 per sq.ft, which is an increase from Rs 1,100 per sq.ft in 2023, marking an 18% rise. Prior to that, the value was Rs 737 per sq.ft in 2017, reflecting a significant increase of 49% over the six-year period. The 2012 revision also had a value of Rs 1,100 per sq.ft, which was a decrease of 33% from Rs 737 per sq.ft in 2017. The 2007 revision recorded a value of Rs 600 per sq.ft, which was an increase of 83% from the previous revision.

The overall change from the 2007 revision to the 2024 revision shows an increase of 117%. It is important to note that the register has no figures for Adham Kutty lane for the years 2002 and 2003.

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 for Adham Kutty lane is below this median.

• A.D.Street (or) Devendra Street Sooriyan Street Lane: Rs 2,100 per sq.ft (2024)
• A.D.Street (or) Devendra Street Sooriyan Street Main: Rs 2,100 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 Adham Kutty lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adham Kutty lane?

The Sub Registrar Office that covers Adham Kutty lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Ward-2. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the guideline value when negotiating property prices, as it directly impacts the financial obligations associated with the sale. Understanding the guideline value helps in making informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Adham Kutty lane?

The current guideline value of Adham Kutty lane is Rs 1,300 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 1,300 per sq.ft in 2024, showing an overall increase of 117% over the years.

What are the registration fees for property in Adham Kutty lane?

The registration fees for property in Adham Kutty lane include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Adham Kutty lane?

The Coimbatore North Joint 1 Sub Registrar Office is responsible for Adham Kutty lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Adham Kutty lane?

Adham Kutty lane falls under the Residential Class II Type - I land classification, indicating its intended use for residential purposes.