Guideline Value for C.T.O Colony Madukkarai Road (Ward 17)

C.T.O Colony Madukkarai Road (Ward 17) guideline value

The current guideline value for C.T.O Colony Madukkarai Road (Ward 17) is Rs 1,060 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of C.T.O Colony Madukkarai Road (Ward 17) has changed

The guideline value for C.T.O Colony Madukkarai Road has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 66% rise. The most recent revision in 2024 has set the guideline value at Rs 1,060 per sq.ft, reflecting a 6% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 18%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing C.T.O Colony Madukkarai Road's 2024 figure above this median.

• Devasia Nagar Layout: Rs 1,040 per sq.ft (2024)
• Coimbatore to Podanur Road: Rs 1,550 per sq.ft (2024)
• Church Road (Ward 7): Rs 1,065 per sq.ft (2024)
• Dharga Line Street: Rs 1,030 per sq.ft (2024)
• Chinnammal Street (Ward 7): Rs 1,035 per sq.ft (2024)
• Eachanari Chettiapalaym Road (Ward 16): Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in C.T.O Colony Madukkarai Road (Ward 17)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,060 per sq.ft, the total guideline value would be Rs 10,60,000. The stamp duty at 7% would amount to Rs 74,200, while the registration fee at 2% would be Rs 21,200, bringing the total charges to Rs 95,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.T.O Colony Madukkarai Road (Ward 17)?

The C.T.O Colony Madukkarai Road (Ward 17) is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kurichi

The guideline value is a crucial factor in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for C.T.O Colony Madukkarai Road?

The current guideline value for C.T.O Colony Madukkarai Road (Ward 17) is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,060 per sq.ft in 2024.

What is the land classification for C.T.O Colony Madukkarai Road?

The land classification for C.T.O Colony Madukkarai Road (Ward 17) is Residential Class I Type - II.

Which office handles registrations for this area?

The registrations for C.T.O Colony Madukkarai Road (Ward 17) are handled by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,60,000, the stamp duty would be Rs 74,200 at 7%.