Guideline Value for CHOKKALINGA MUDHALIAR ST

Chokkalinga Mudhaliar St guideline value

The current guideline value of Chokkalinga Mudhaliar St is Rs 1,026 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village under the Thondamuthur SRO and is classified as Industries Type - I.

How the guideline value of Chokkalinga Mudhaliar St has changed

Over the years, the guideline value of Chokkalinga Mudhaliar St has seen significant changes. The 2007 revision set the guideline value at Rs 175 per sq.ft, which increased to Rs 850 per sq.ft in 2012. However, it then decreased to Rs 569 per sq.ft in 2017. The value saw a substantial increase of 76% to reach Rs 1,000 per sq.ft in 2023, and it further rose by 3% to the current value of Rs 1,026 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the value increased by 386%, but then it decreased by 33% from 2012 to 2017. The overall increase from 2007 to 2024 is 486%, reflecting the changes in the guideline value over the years.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a guideline value for 2024, ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value is Rs 1,014 per sq.ft, which indicates that Chokkalinga Mudhaliar St's 2024 figure is above this median.

• Chitti Vinayager Kovil St: Rs 1,014 per sq.ft (2024)
• Chinmaya Nager: Rs 1,028 per sq.ft (2024)
• Chettipalayam: Rs 1,006 per sq.ft (2024)
• Daimand Nager: Rs 1,014 per sq.ft (2024)
• Cheran Sengutuvan Nagar: Rs 1,014 per sq.ft (2024)
• Chenngapetariamman Kovil St: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Chokkalinga Mudhaliar St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,026 per sq.ft, the total guideline value would be Rs 10,26,000. The stamp duty at 7% would amount to Rs 71,820, and the registration fee at 2% would be Rs 20,520, bringing the total to Rs 92,340. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chokkalinga Mudhaliar St?

The Sub Registrar Office that covers Chokkalinga Mudhaliar St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Veerakeralam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value will be considered to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Chokkalinga Mudhaliar St?

The current guideline value of Chokkalinga Mudhaliar St is Rs 1,026 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 175 per sq.ft in 2007 to Rs 1,026 per sq.ft in 2024, with various revisions in between.

What is the land classification of Chokkalinga Mudhaliar St?

Chokkalinga Mudhaliar St is classified as Industries Type - I, which indicates its suitability for industrial purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a plot valued at Rs 10,26,000, the total fees would amount to Rs 92,340.

Which office handles the registration for properties on Chokkalinga Mudhaliar St?

The Thondamuthur Sub Registrar Office is responsible for handling registrations for properties on Chokkalinga Mudhaliar St, located in Coimbatore.