Guideline Value for Arts College Road Lane

Arts College Road Lane guideline value

The current guideline value of Arts College Road Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - II.

How the guideline value of Arts College Road Lane has changed

The guideline value for Arts College Road Lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, the value dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 4,900 per sq.ft in 2024, which is a rise of 9%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 345%, showcasing significant fluctuations over the years.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft, with a median value of Rs 3,400 per sq.ft. The guideline value of Arts College Road Lane is above this median.

• Arts College Road: Rs 7,900 per sq.ft (2024)
• Anupparpalayam Main: Rs 1,400 per sq.ft (2024)
• Anupparpalayam Lane: Rs 1,400 per sq.ft (2024)
• Anupparpalayam: Rs 1,400 per sq.ft (2024)
• A.T Devarajalu Road: Rs 4,400 per sq.ft (2024)
• A.T.T Colony I: Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty is charged at 7%, amounting to Rs 3,43,000, and the registration fee is charged at 2%, which totals Rs 98,000. Therefore, the combined total for these fees is Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arts College Road Lane?

The Arts College Road Lane falls under the jurisdiction of 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 further assistance.

How the guideline value is used when you buy or sell in Ward-1

The guideline value is a crucial factor when registering property transactions in Ward-1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Arts College Road Lane is Rs 4,900 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 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 345% over the years.

What are the stamp duty and registration fees for properties in Arts College Road Lane?

For a property valued at Rs 49,00,000, the stamp duty is Rs 3,43,000, and the registration fee is Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office is responsible for Arts College Road Lane?

The Coimbatore North Joint 1 Sub Registrar Office covers Arts College Road Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification for Arts College Road Lane?

Arts College Road Lane is classified as Residential Special Type - II, indicating its zoning for residential purposes in the area.