Guideline Value for Chettipalayam Road (Ward 9)

Chettipalayam Road (Ward 9) guideline value

The current guideline value of Chettipalayam Road (Ward 9) is Rs 1,075 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 Special Type - IV.

How the guideline value of Chettipalayam Road (Ward 9) has changed

The guideline value for Chettipalayam Road has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 950 per sq.ft, which then decreased to Rs 636 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 1,075 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value saw a remarkable increase of 57% from 2017 to 2023. The change from 2023 to 2024 reflects an 8% increase. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO with 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, placing the 2024 value of Chettipalayam Road above this median.

• Chettipalayam Road: Rs 1,075 per sq.ft (2024)
• Chettiar Colony: Rs 1,055 per sq.ft (2024)
• Cheran Nagar Vellalore Road (Ward 9): Rs 1,040 per sq.ft (2024)
• Chinnammal Street (Ward 7): Rs 1,035 per sq.ft (2024)
• Chathiram Street: Rs 1,055 per sq.ft (2024)
• Chandre Gounder Street (Ward 21): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Chettipalayam Road (Ward 9)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees to Rs 96,750. 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 Chettipalayam Road (Ward 9)?

The Sub Registrar Office that covers Chettipalayam 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. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The fees are calculated based on this value, ensuring that all parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Chettipalayam Road (Ward 9)?

The current guideline value of Chettipalayam Road (Ward 9) is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 636 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Chettipalayam Road?

The land classification for Chettipalayam Road (Ward 9) is Residential Special Type - IV. This classification is important for understanding the zoning and usage of the land.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 96,750 based on the current guideline value.

Which office handles registrations for Chettipalayam Road?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Chettipalayam Road (Ward 9). It is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.