Guideline Value for Agriculuture College Road Lane

Agriculuture College Road Lane guideline value

The current guideline value of Agriculuture College Road Lane is Rs 4,500 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - III.

How the guideline value of Agriculuture College Road Lane has changed

The guideline value for Agriculuture College Road Lane has undergone several revisions over the years. The 2007 revision set the value at Rs 1,260 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 4,000 per sq.ft, followed by a further increase to Rs 4,500 per sq.ft in the 2024 revision.

Between revisions, the changes are notable. From 2007 to 2012, there was a remarkable increase of 217%. However, from 2012 to 2017, the value decreased by 33%. The value then surged by 49% from 2017 to 2023, and finally, there was a 13% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 257%.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO, with guideline values for 2024 ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value in this area is Rs 2,900 per sq.ft, placing Agriculuture College Road Lane's value above that median.

• Agriculture College Road Main: Rs 4,500 per sq.ft (2024)
• A.K.S Nagar: Rs 2,900 per sq.ft (2024)
• Arunachalam Road lane: Rs 2,900 per sq.ft (2024)
• Arunachalam Street Main: Rs 3,450 per sq.ft (2024)
• Avinashi Road Lane: Rs 5,600 per sq.ft (2024)
• Avinashi Road Main: Rs 5,600 per sq.ft (2024)

Stamp duty and registration fee for property in Agriculuture College Road Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,500 per sq.ft, the guideline value is Rs 45,00,000. The stamp duty at 7% amounts to Rs 3,15,000, and the registration fee at 2% is Rs 90,000, totaling Rs 4,05,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Agriculuture College Road Lane?

The Agriculuture College Road Lane falls under 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 more information.

How the guideline value is used when you buy or sell in Ward-7

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-7. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately with the local authorities.

When a buyer or seller approaches the registration office, the guideline value is assessed to determine the applicable fees. This value is essential for both parties to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Agriculuture College Road Lane?

The current guideline value of Agriculuture College Road Lane is Rs 4,500 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision taking place in 2024, prior revisions occurred in 2023, 2017, 2012, and 2007.

What is the land classification of Agriculuture College Road Lane?

Agriculuture College Road Lane is classified as Commercial Special Type - III, which influences its guideline value.

What is the registration office for Agriculuture College Road Lane?

The registration office for Agriculuture College Road Lane 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 Agriculuture College Road Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 45,00,000, the stamp duty at 7% would be Rs 3,15,000.