Guideline Value for Cauvery Road (or) Street

Cauvery Road (or) Street guideline value

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

How the guideline value of Cauvery Road (or) Street has changed

The guideline value for Cauvery Road (or) Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2012 revision. However, it decreased to Rs 1,206 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 1,800 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 65%. Notably, there are no figures available for the revisions in 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 guideline value for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Cauvery Road (or) Street below this median.

• Cauvery Lane: 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 Road (or) Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 1,78,200. It is important to 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 further calculations.

Which Sub Registrar Office covers Cauvery Road (or) Street?

The Sub Registrar Office that covers Cauvery Road (or) Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ward 10

The guideline value plays a crucial role in the registration process when buying or selling property in Ward 10. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the registration charges, ensuring that the fees reflect the official value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Cauvery Road (or) Street?

The current guideline value of Cauvery Road (or) Street 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 increased from Rs 1,200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking a total increase of 65% over the years.

What is the median guideline value in Ward 10?

The median guideline value for streets in Ward 10 is Rs 2,200 per sq.ft, while Cauvery Road (or) Street's 2024 value is below this median.

What are the stamp duty and registration fees for properties on Cauvery Road (or) Street?

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.

Where is the Sub Registrar Office for Cauvery Road (or) Street located?

The Sub Registrar Office for Cauvery Road (or) Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.