Guideline Value for CHOLA AVENUE

Chola Avenue guideline value

The current guideline value of Chola Avenue, located in Veerapandi village under the Periyanayakkan Palayam SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - V.

How the guideline value of Chola Avenue has changed

The guideline value for Chola Avenue has seen significant changes over the years. In the 2017 revision, the value was set at Rs 100 per sq.ft. This figure increased to Rs 200 per sq.ft in the 2023 revision, marking a 100% rise. The latest revision in 2024 has further increased the guideline value to Rs 220 per sq.ft, which represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 120%. It is important to note that the register has no figure for Chola Avenue in the years 2002, 2003, 2007, and 2012.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Chola Avenue's 2024 figure below this median.

• Chitra Nagar: Rs 335 per sq.ft (2024)
• Church Road Thiruvalluvar Nagar: Rs 390 per sq.ft (2024)
• Covai Fair Lands: Rs 390 per sq.ft (2024)
• Daimond Park: Rs 220 per sq.ft (2024)
• Devi Nagar: Rs 390 per sq.ft (2024)
• Dhaksin Avenue: Rs 390 per sq.ft (2024)

Stamp duty and registration fee for property in Chola Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chola Avenue?

The Sub Registrar Office that covers Chola Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerapandi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the property is valued accurately according to the prevailing rates set by the government.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to understand the financial implications of the sale, including the necessary fees and taxes involved in the registration process.

Frequently asked questions

What is the current guideline value of Chola Avenue?

The current guideline value of Chola Avenue is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking an overall increase of 120% over this period.

What are the stamp duty and registration fees for property in Chola Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 220 per sq.ft, the total guideline value is Rs 2,20,000. The stamp duty is Rs 15,400, and the registration fee is Rs 4,400, totaling Rs 19,800.

Which Sub Registrar Office covers Chola Avenue?

The Periyanayakkan Palayam Sub Registrar Office covers Chola Avenue, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the significance of the guideline value when buying or selling property?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It serves as a benchmark for property valuation, ensuring accurate financial implications for both buyers and sellers.