Guideline Value for Brookebond Layout Lane

Brookebond Layout Lane guideline value

The current guideline value of Brookebond Layout Lane is Rs 3,100 per sq.ft, effective from 1 July 2024. This lane is located in Ward-9 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Brookebond Layout Lane has changed

The guideline value for Brookebond Layout Lane has seen several revisions over the years. The 2007 revision set the value at Rs 1,050 per sq.ft, which increased significantly to Rs 2,800 per sq.ft in 2012. However, the value dropped by 33% to Rs 1,876 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,800 per sq.ft, and the latest revision in 2024 has set it at Rs 3,100 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 195%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-9

In Ward-9, there are 73 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,550 to Rs 10,000 per sq.ft, with a median value of Rs 4,200 per sq.ft. The guideline value of Brookebond Layout Lane is below this median.

• Chellappa Gounder Street Main: Rs 2,900 per sq.ft (2024)
• Cross Cut Road South Side Main Road Lane: Rs 10,000 per sq.ft (2024)
• Cross Cut Road South Side Main Road Main: Rs 10,000 per sq.ft (2024)
• Dabethar Street Lane: Rs 1,550 per sq.ft (2024)
• Dabethar Street Main: Rs 1,900 per sq.ft (2024)
• Desabandhu Street Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Brookebond Layout Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Brookebond Layout Lane?

The Sub Registrar Office that covers Brookebond Layout Lane 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-9

The guideline value is a crucial factor when buying or selling property in Ward-9, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a buyer and seller agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Brookebond Layout Lane?

The current guideline value of Brookebond Layout Lane is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, representing a total increase of 195% over the years.

What is the land classification for Brookebond Layout Lane?

Brookebond Layout Lane is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Brookebond Layout Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 31,00,000. The stamp duty would be Rs 2,17,000, and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Which Sub Registrar Office covers Brookebond Layout Lane?

The Coimbatore North Joint 1 Sub Registrar Office covers Brookebond Layout Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.