Guideline Value for COTTON MILL ROAD

Cotton Mill Road guideline value

The current guideline value of Cotton Mill Road, located in Ward - D village under the Tiruppur Joint I SRO, is Rs 1,455 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Cotton Mill Road has changed

The guideline value for Cotton Mill Road has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 1,300 per sq.ft in 2012. However, this value dropped to Rs 871 per sq.ft in 2017. The 2023 revision raised the guideline value to Rs 1,300 per sq.ft, and the most recent 2024 revision increased it further to Rs 1,455 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 108%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - D

In Ward - D, there are 75 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 1,455 per sq.ft, which is equal to the guideline value of Cotton Mill Road.

• COTTON MILL ROAD 1st to 3rd STREET: Rs 1,455 per sq.ft (2024)
• Chenguttuvan Sandhu: Rs 840 per sq.ft (2024)
• Chandra Colony 2nd Street: Rs 840 per sq.ft (2024)
• Chandra Colony 1st Street: Rs 840 per sq.ft (2024)
• Chandra Colony: Rs 840 per sq.ft (2024)
• ELANGO NAGAR 1st to 5th CROSS STREET: Rs 1,455 per sq.ft (2024)

Stamp duty and registration fee for property in Cotton Mill Road

For a 1,000 sq.ft plot at the current rate of Rs 1,455 per sq.ft, the guideline value totals Rs 14,55,000. The stamp duty at 7% amounts to Rs 1,01,850, while the registration fee at 2% is Rs 29,100. Together, the total fees would be Rs 1,30,950. Please 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 information.

Which Sub Registrar Office covers Cotton Mill Road?

The Cotton Mill Road is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - D

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - D. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both the buyer and seller are aware of the financial obligations involved.

When a property is sold, the guideline value helps establish a baseline for the transaction value. This ensures that the registration fees are calculated fairly based on the established rates in the area.

Frequently asked questions

What is the current guideline value of Cotton Mill Road?

The current guideline value of Cotton Mill Road is Rs 1,455 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2007 to Rs 1,455 per sq.ft in 2024, reflecting an overall increase of 108% over the years.

What are the stamp duty and registration fees for properties on Cotton Mill Road?

For a 1,000 sq.ft property on Cotton Mill Road, the total guideline value is Rs 14,55,000. The stamp duty is Rs 1,01,850 and the registration fee is Rs 29,100, totaling Rs 1,30,950.

Which office handles registrations for Cotton Mill Road?

The Tiruppur Joint I Sub Registrar Office handles registrations for Cotton Mill Road, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Cotton Mill Road?

Cotton Mill Road is classified as Residential Class III Type - I, indicating its designation for residential use within the area.