Guideline Value for Brookebond Colony Main

Brookebond Colony Main guideline value

The current guideline value of Brookebond Colony Main is Rs 3,300 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 Class I Type - I.

How the guideline value of Brookebond Colony Main has changed

The guideline value for Brookebond Colony Main has undergone several revisions over the years. The earliest revision available is from 2007, where the value was Rs 1,510 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, reflecting a significant rise of 99%. However, it then decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and then further rose to Rs 3,300 per sq.ft in 2024, a change of 10%.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a total increase of 119%. It is important to note that there are no figures available for the revisions in 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, with a median value of Rs 4,400 per sq.ft. Brookebond Colony Main's 2024 figure is below this median.

• Devanga High School Road: Rs 3,400 per sq.ft (2024)
• Devangapettai Road 1-2-3 Lane Or Nanarikazhaga veethi 1-2-3 Lane: Rs 3,300 per sq.ft (2024)
• Devangapettai Road 1-2-3 Main or Nanarikazhaga veethi 1-2-3 Main: Rs 3,300 per sq.ft (2024)
• Diwan Bagathur RoadLane: Rs 5,600 per sq.ft (2024)
• Diwan Bagathur Road Main: Rs 7,900 per sq.ft (2024)
• Bashyakaralu Road Main: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Brookebond Colony Main

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Brookebond Colony Main?

The Sub Registrar Office covering Brookebond Colony Main 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-8

The guideline value is a critical factor in the registration process when buying or selling property in Ward-8. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Brookebond Colony Main?

The current guideline value of Brookebond Colony Main is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,510 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 119% over the years.

What is the land classification for Brookebond Colony Main?

Brookebond Colony Main is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Brookebond Colony Main?

The Sub Registrar Office for Brookebond Colony Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for property in Brookebond Colony Main?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.