Guideline Value for Baskara Naidu Lane 1

Baskara Naidu Lane 1 guideline value

The current guideline value of Baskara Naidu Lane 1 is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Baskara Naidu Lane 1 has changed

The guideline value for Baskara Naidu Lane 1 has seen several revisions over the years. The 2024 revision sets the value at Rs 2,100 per sq.ft, which is an increase from Rs 1,800 per sq.ft in the 2023 revision, marking a 17% rise. Prior to that, in 2017, the guideline value was Rs 1,206 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,800 per sq.ft, which was a decrease of 33% from Rs 1,300 per sq.ft in 2007.

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 62%.

Guideline values in Ward-2

In Ward-2, there are 79 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,800 per sq.ft, with a median value of Rs 1,800 per sq.ft. Baskara Naidu Lane 1's 2024 figure of Rs 2,100 per sq.ft is above this median.

• Baskara Naidu Lane 2: Rs 2,100 per sq.ft (2024)
• Bellam Krishnan Chetty Street Lane: Rs 1,800 per sq.ft (2024)
• Bellam Krishnan Chetty Street Main: Rs 2,900 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,300 per sq.ft (2024)
• Big Bazaar Street Lane: Rs 5,100 per sq.ft (2024)
• Big Bazaar Street Main: Rs 6,800 per sq.ft (2024)

Stamp duty and registration fee for property in Baskara Naidu Lane 1

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, while the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baskara Naidu Lane 1?

The Sub Registrar Office that covers Baskara Naidu Lane 1 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-2

The guideline value is a crucial factor in the registration process for properties in Ward-2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the current market context. It is important to consider this value along with the actual sale price, as the higher of the two will be used for calculating applicable duties and fees.

Frequently asked questions

What is the current guideline value of Baskara Naidu Lane 1?

The current guideline value of Baskara Naidu Lane 1 is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of 62%.

What is the median guideline value in Ward-2?

The median guideline value in Ward-2 is Rs 1,800 per sq.ft, with Baskara Naidu Lane 1's value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

Where can I find the Sub Registrar Office for Baskara Naidu Lane 1?

The Sub Registrar Office for Baskara Naidu Lane 1 is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.