Guideline Value for Alavudin Lane Main

Alavudin Lane Main guideline value

The current guideline value of Alavudin Lane Main is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ward-6 village under the Coimbatore North Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Alavudin Lane Main has changed

Over the years, the guideline value for Alavudin Lane Main has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased to Rs 1,600 per sq.ft in 2012, followed by a decrease to Rs 1,072 per sq.ft in 2017. The value then rose significantly to Rs 1,600 per sq.ft in 2023, and finally to the current rate of Rs 1,800 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

When examining the changes, the increase from 2017 to 2023 was +49%, while the jump from 2023 to 2024 is +13%. The value saw a decrease of -33% from 2012 to 2017 and a substantial increase of +60% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by +80%.

Guideline values in Ward-6

In Ward-6, there are 37 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,250 to Rs 7,900 per sq.ft, with a median value of Rs 2,900 per sq.ft. Alavudin Lane Main's current guideline value of Rs 1,800 per sq.ft is below this median.

• Anumantharayan Kovil Street Main: Rs 2,200 per sq.ft (2024)
• Chellapillai Lane: Rs 1,250 per sq.ft (2024)
• Easwaran Kovil Street Lane: Rs 1,800 per sq.ft (2024)
• Easwaran Kovil Street Main: Rs 3,300 per sq.ft (2024)
• Edaiyar Street (or) Krishnan Street Main: Rs 3,400 per sq.ft (2024)
• Karuppa Gounder Street (K.G.St) or Karuppaiah Street Lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Alavudin Lane Main

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alavudin Lane Main?

The Sub Registrar Office that covers Alavudin Lane Main 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 more information.

How the guideline value is used when you buy or sell in Ward-6

The guideline value plays a crucial role during property transactions in Ward-6. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential to be aware that the guideline value is set by the government and reflects the minimum value at which properties can be registered. This ensures that the property is taxed fairly and consistently across the region.

Frequently asked questions

What is the current guideline value of Alavudin Lane Main?

The current guideline value of Alavudin Lane Main is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, marking an overall increase of +80% over the years.

What are the registration fees associated with buying property in Alavudin Lane Main?

For a property valued at the current guideline value of Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which authority sets the guideline value for Alavudin Lane Main?

The guideline value for Alavudin Lane Main is set by the Registration Department's guideline value register, specifically under the Coimbatore North Joint 1 SRO.

Are there other streets with different guideline values in Ward-6?

Yes, there are several other streets in Ward-6 with varying guideline values, ranging from Rs 1,250 to Rs 7,900 per sq.ft, with Alavudin Lane Main being below the median value of Rs 2,900 per sq.ft.