Guideline Value for Agriculture Bank Street

Agriculture Bank Street guideline value

The current guideline value of Agriculture Bank Street in Lakkampatti village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Gobichettipalayam Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Agriculture Bank Street has changed

The guideline value for Agriculture Bank Street has seen several revisions over the years. In 2002, the value was Rs 72 per sq.ft, which increased to Rs 81 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 106 per sq.ft in 2007, reflecting a +31% increase. By 2012, it had jumped to Rs 300 per sq.ft, a significant rise of +183%. However, the value decreased to Rs 201 per sq.ft in 2017, showing a decline of -33%. The value remained at Rs 300 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by +317%. The register has no figure for the years not mentioned in the revisions listed above.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, making Agriculture Bank Street's 2024 figure of Rs 300 per sq.ft above the median.

• Ambedhakar Street (70/2): Rs 250 per sq.ft (2024)
• Amman Nagar: Rs 250 per sq.ft (2024)
• Anna Street (253/3): Rs 250 per sq.ft (2024)
• Aries Muthu Nagar: Rs 250 per sq.ft (2024)
• Arulappar Street: Rs 250 per sq.ft (2024)
• Arunachalagounder Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Agriculture Bank Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Agriculture Bank Street?

The Sub Registrar Office that covers Agriculture Bank Street is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Lakkampatti

The guideline value plays a crucial role during the registration of property transactions in Lakkampatti. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure that they are compliant with the regulations set by the registration department.

When registering a property, the guideline value is either based on the current market conditions or the agreed sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Agriculture Bank Street?

The current guideline value of Agriculture Bank Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 72 per sq.ft in 2002 to Rs 300 per sq.ft in 2024, with various increases and one decrease along the way.

What is the registration office for Agriculture Bank Street?

The registration office for Agriculture Bank Street is the Gobichettipalayam Joint I Sub Registrar Office, located at No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is stamp duty calculated for properties in Lakkampatti?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.

What are the guideline values of other streets in Lakkampatti?

Other streets in Lakkampatti have guideline values ranging from Rs 200 to Rs 450 per sq.ft. Agriculture Bank Street's value of Rs 300 per sq.ft is above the median value of Rs 275 per sq.ft for the area.