Guideline Value for Brindha Lay out

Brindha Lay out guideline value

The current guideline value of Brindha Lay out, located in Ward-7 village under the Coimbatore North Joint 1 SRO, is Rs 2,900 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Brindha Lay out has changed

The guideline value for Brindha Lay out has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,675 per sq.ft, marking a reduction of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,900 per sq.ft in the 2024 revision, reflecting a rise of 16% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a net increase of 16% in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value is Rs 2,900 per sq.ft, which is equal to the current guideline value of Brindha Lay out.

• Chetti Street: Rs 1,450 per sq.ft (2024)
• Chinna Ellaiappa Line Main: Rs 2,000 per sq.ft (2024)
• Chinna Ellaiyappa Line Lane: Rs 1,700 per sq.ft (2024)
• Chinnavadam Patti lane: Rs 1,450 per sq.ft (2024)
• Chinnavadam Patti Main: Rs 2,000 per sq.ft (2024)
• Chockampudur Road: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Brindha Lay out

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. 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 Brindha Lay out?

The Brindha Lay out is covered by 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-7

The guideline value is essential during the registration process of property transactions in Ward-7. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transfers.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This means that the sale price cannot be less than the guideline value, which protects the interests of both the buyer and the seller during the transaction.

Frequently asked questions

What is the current guideline value of Brindha Lay out?

The current guideline value of Brindha Lay out is Rs 2,900 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,900 per sq.ft in 2024.

What is the land classification for Brindha Lay out?

The land classification for Brindha Lay out is Residential Class I Type - I.

Where can I find the registration office for Brindha Lay out?

The registration office for Brindha Lay out is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 29,00,000, the stamp duty at 7% would be Rs 2,03,000.