Guideline Value for Bashyakaralu Road Lane

Bashyakaralu Road Lane guideline value

The current guideline value of Bashyakaralu Road Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ward-8 village under the Coimbatore North Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Bashyakaralu Road Lane has changed

The guideline value for Bashyakaralu Road Lane has seen several revisions over the years. In 2007, the value was Rs 1,150 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a remarkable increase of 248%. Overall, from 2007 to 2024, the guideline value has increased by 283%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-8

In Ward-8, there are 77 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,900 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the guideline value of Bashyakaralu Road Lane.

• Bashyakaralu Road Main: Rs 5,000 per sq.ft (2024)
• Azath Street: Rs 5,000 per sq.ft (2024)
• Arokiyasamy Road Main: Rs 5,700 per sq.ft (2024)
• Arokiyasamy Road Lane: Rs 5,700 per sq.ft (2024)
• Brookebond Colony Main: Rs 3,300 per sq.ft (2024)
• Devanga High School Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bashyakaralu Road Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bashyakaralu Road Lane?

The Sub Registrar Office that covers Bashyakaralu Road 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 further assistance.

How the guideline value is used when you buy or sell in Ward-8

The guideline value plays a crucial role in the registration process of property transactions in Ward-8. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This value is regularly updated to reflect changes in the real estate market, ensuring that the fees remain relevant and fair.

Frequently asked questions

What is the current guideline value of Bashyakaralu Road Lane?

The current guideline value of Bashyakaralu Road Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,150 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 283% over the years.

What is the land classification for Bashyakaralu Road Lane?

Bashyakaralu Road Lane is classified as Residential Special Type - II under the Coimbatore North Joint 1 SRO.

Where can I find the Sub Registrar Office for Bashyakaralu Road Lane?

The Sub Registrar Office for Bashyakaralu 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.