Guideline Value for Baskara Naidu Lane 2

Baskara Naidu Lane 2 guideline value

The current guideline value of Baskara Naidu Lane 2 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, classified as Residential Class I Type - I.

How the guideline value of Baskara Naidu Lane 2 has changed

Over the years, the guideline value of Baskara Naidu Lane 2 has undergone several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then rose again to Rs 2,100 per sq.ft in the 2024 revision, marking a 17% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 17%. The 2017 revision did not have a figure for this street in the register, and there are also no figures available for the years 2002, 2003, and 2007.

Guideline values in Ward-2

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

• Baskara Naidu Lane 1: 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 2

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, and the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Baskara Naidu Lane 2?

The Sub Registrar Office that covers Baskara Naidu Lane 2 is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-2

The guideline value is a crucial factor during property registration in Ward-2. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Baskara Naidu Lane 2?

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

How has the guideline value changed over the years?

The guideline value of Baskara Naidu Lane 2 has seen several revisions, with the most recent being Rs 2,100 per sq.ft in 2024, up from Rs 1,800 per sq.ft in 2023. The value has increased by 17% from 2023 to 2024.

What is the median guideline value in Ward-2?

The median guideline value for the 79 streets in Ward-2 under the Coimbatore North Joint 1 SRO is Rs 1,800 per sq.ft. Baskara Naidu Lane 2's guideline value is above this median.

What are the stamp duty and registration fees for property in Baskara Naidu Lane 2?

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. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Baskara Naidu Lane 2 located?

The Sub Registrar Office for Baskara Naidu Lane 2 is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.