Guideline Value for Black Quarters Street

Black Quarters Street guideline value

The current guideline value of Black Quarters Street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Black Quarters Street has changed

The guideline value for Black Quarters Street has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 700 per sq.ft, and the latest revision in 2024 has set it at Rs 784 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 367%, but it then dropped by 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023, followed by a 12% increase from 2023 to 2024. Overall, the guideline value has risen by 423% from 2007 to 2024.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, making Black Quarters Street's 2024 figure equal to this median.

• Bharathi Nagar: Rs 784 per sq.ft (2024)
• Bank Karuppannath thevar Street: Rs 784 per sq.ft (2024)
• Bank Karuppanath thevar Nagar First street: Rs 784 per sq.ft (2024)
• Balagurunadha Jothidar Street: Rs 784 per sq.ft (2024)
• Ayyavu Udayar Lane: Rs 560 per sq.ft (2024)
• Ayyavu Thevar Sandhu: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Black Quarters Street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value amounts to Rs 7,84,000. The stamp duty, calculated at 7%, would be Rs 54,880, while the registration fee at 2% would be Rs 15,680, bringing the total fees to Rs 70,560. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Black Quarters Street?

The Sub Registrar Office that covers Black Quarters Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sulur

The guideline value is a crucial factor in property transactions in Sulur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is regularly updated to reflect changes in the market.

When selling a property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to this value to negotiate terms, ensuring that both parties have a clear understanding of the property's worth according to official records.

Frequently asked questions

What is the current guideline value of Black Quarters Street?

The current guideline value of Black Quarters Street is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, marking an overall increase of 423% from 2007 to 2024.

What is the land classification of Black Quarters Street?

Black Quarters Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Black Quarters Street?

The Sub Registrar Office for Black Quarters Street is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

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 1,000 sq.ft plot at Rs 784 per sq.ft, the total fees would amount to Rs 70,560.