Guideline Value for Desabandhu Street Main

Desabandhu Street Main guideline value

The current guideline value of Desabandhu Street Main 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, classified as Residential Special Type - III.

How the guideline value of Desabandhu Street Main has changed

The guideline value for Desabandhu Street Main has seen several revisions over the years. In 2007, the guideline value was Rs 1,350 per sq.ft. It increased significantly to Rs 3,500 per sq.ft in 2012, but then dropped to Rs 2,345 per sq.ft in 2017. Following this, the value rose to Rs 3,500 per sq.ft in 2023, and most recently, it has been set at Rs 3,900 per sq.ft for 2024. The register has no figures for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a substantial 159%. Overall, from 2007 to 2024, the guideline value has increased by 189%.

Guideline values in Ward-9

In Ward-9, there are 73 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median guideline value for these streets is Rs 4,200 per sq.ft, placing Desabandhu Street Main below this median.

• Desabandhu Street Lane: 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 Main

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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Desabandhu Street Main?

The Sub Registrar Office that covers Desabandhu Street 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-9

The guideline value is a critical factor in the registration process when buying or selling property in Ward-9. It determines the stamp duty and registration fees payable, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This process helps maintain a standardized approach to property transactions in the region.

Frequently asked questions

What is the current guideline value of Desabandhu Street Main?

The current guideline value of Desabandhu Street Main 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 changed from Rs 1,350 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with various revisions in between, including a drop in 2017 and a rise in 2023.

What is the median guideline value in Ward-9?

The median guideline value in Ward-9 is Rs 4,200 per sq.ft, which is higher than the current value of Desabandhu Street Main.

What are the stamp duty and registration fees for property in Desabandhu Street Main?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Desabandhu Street Main?

The registration for Desabandhu Street Main is handled by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.