Guideline Value for Desabandhu Street Lane

Desabandhu Street Lane guideline value

The current guideline value of Desabandhu Street Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-9 village under the Coimbatore North Joint 1 SRO and is classified as Residential Special Type - III.

How the guideline value of Desabandhu Street Lane has changed

Over the years, the guideline value of Desabandhu Street Lane has seen significant changes. The 2007 revision set the value at Rs 800 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 338%. However, this value dropped to Rs 2,345 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 3,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,900 per sq.ft, which is an increase of 11% from the previous year. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to the 2012 level. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 388%, showcasing the fluctuations over the years.

Guideline values in Ward-9

In Ward-9, there are 73 streets that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median guideline value in this area is Rs 4,200 per sq.ft, placing Desabandhu Street Lane's 2024 figure below this median.

• Desabandhu Street Main: Rs 3,900 per sq.ft (2024)
• Dabethar Street Main: Rs 1,900 per sq.ft (2024)
• Dabethar Street Lane: Rs 1,550 per sq.ft (2024)
• Cross Cut Road South Side Main Road Main: Rs 10,000 per sq.ft (2024)
• Cross Cut Road South Side Main Road Lane: Rs 10,000 per sq.ft (2024)
• Dr.Rajarathinam Street: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Desabandhu Street Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Desabandhu Street Lane?

The Sub Registrar Office that covers Desabandhu Street Lane is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. 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 in property transactions in Ward-9. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and reflects the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Desabandhu Street Lane?

The current guideline value of Desabandhu Street Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 800 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 388% over the years.

What is the stamp duty for property in Desabandhu Street Lane?

The stamp duty for a property in Desabandhu Street Lane is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Desabandhu Street Lane?

The registration for Desabandhu Street Lane is handled by the Coimbatore North Joint 1 Sub Registrar Office, located at Syryan Church Road, Coimbatore.

What is the land classification for Desabandhu Street Lane?

Desabandhu Street Lane is classified as Residential Special Type - III under the Coimbatore North Joint 1 SRO.