Guideline Value for Cauvery Lane

Cauvery Lane guideline value

The current guideline value of Cauvery Lane is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO, classified as Industries Type - I.

How the guideline value of Cauvery Lane has changed

Over the years, the guideline value of Cauvery Lane has seen several revisions. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. The value rose significantly to Rs 1,800 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 is an increase of 65%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 guideline value of Cauvery Lane below this median.

• Cauvery Road (or) Street: Rs 1,980 per sq.ft (2024)
• Blue Crest: Rs 4,535 per sq.ft (2024)
• Chinna Maruthasalam Street: Rs 2,200 per sq.ft (2024)
• Chitrampalam Layout: Rs 2,200 per sq.ft (2024)
• C.M.C.Colony: Rs 2,200 per sq.ft (2024)
• Councilor Lane: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cauvery Lane?

The Sub Registrar Office that covers Cauvery Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 10. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cauvery Lane?

The current guideline value of Cauvery Lane is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, with various revisions in between, including a notable increase of 49% from 2017 to 2023.

What is the median guideline value in Ward 10?

The median guideline value in Ward 10 is Rs 2,200 per sq.ft, which is higher than the current value of Cauvery Lane.

What are the stamp duty and registration fees for properties in Cauvery Lane?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Cauvery Lane?

The Peelamedu Sub Registrar Office handles property registrations for Cauvery Lane, located at 6/1, Grd Road, Redfields, Coimbatore - 18.