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Guideline Value

Corporate

Guideline Value for Cheran Nagar Vellalore Road (Ward 9)

₹1040/sq.ft.

The guideline value for Cheran Nagar Vellalore Road (ward 9) in Kurichi village (Coimbatore North Joint 1 SRO, Coimbatore zone) is Rs 1040 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 4% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Kurichi

Village

Coimbatore North Joint 1

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1040 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

District Registarar Office, Syryan Church Road, Corporattion Marriage Centre, Combatore -641001
0422-2303614
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Cheran Nagar Vellalore Road (ward 9)

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Cheran Nagar Vellalore Road (Ward 9) guideline value

The current guideline value of Cheran Nagar Vellalore Road (Ward 9) is Rs 1,040 per sq.ft, effective from 1 July 2024. This road is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Cheran Nagar Vellalore Road (Ward 9) has changed

Over the years, the guideline value for Cheran Nagar Vellalore Road has seen significant changes. In the 2012 revision, the guideline value was Rs 750 per sq.ft. This value decreased to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 99%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 saw a further increase of 4%, resulting in the current guideline value of Rs 1,040 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Kurichi

In Kurichi, there are a total of 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,040 per sq.ft, which is equal to the current value of Cheran Nagar Vellalore Road (Ward 9).

Stamp duty and registration fee for property in Cheran Nagar Vellalore Road (Ward 9)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, while the registration fee at 2% would be Rs 20,800. In total, the charges would be Rs 93,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Cheran Nagar Vellalore Road (Ward 9)?

The Sub Registrar Office that covers Cheran Nagar Vellalore Road (Ward 9) is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kurichi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Cheran Nagar Vellalore Road (Ward 9)?

The current guideline value of Cheran Nagar Vellalore Road (Ward 9) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2012 to Rs 1,040 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification for Cheran Nagar Vellalore Road (Ward 9)?

The land classification for Cheran Nagar Vellalore Road (Ward 9) is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Cheran Nagar Vellalore Road (Ward 9) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 72,800.