Guideline Value for Chinna Ellaiappa Line Main

Chinna Ellaiappa Line Main guideline value

The current guideline value of Chinna Ellaiappa Line Main is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Chinna Ellaiappa Line Main has changed

In the 2007 revision, the guideline value was Rs 1,260 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2012 revision, marking a 43% rise. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, reflecting a 33% drop. The value then rose significantly to Rs 1,800 per sq.ft in the 2023 revision, which was a 49% increase. The most recent 2024 revision set the guideline value at Rs 2,000 per sq.ft, an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 59%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,450 to Rs 7,300 per sq.ft, with a median value of Rs 2,900 per sq.ft. The guideline value for Chinna Ellaiappa Line Main is below this median.

• Chinna Ellaiyappa Line Lane: Rs 1,700 per sq.ft (2024)
• Chetti Street: Rs 1,450 per sq.ft (2024)
• Chinnavadam Patti lane: Rs 1,450 per sq.ft (2024)
• Chinnavadam Patti Main: Rs 2,000 per sq.ft (2024)
• Chockampudur Road: Rs 2,900 per sq.ft (2024)
• Brindha Lay out: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Ellaiappa Line Main

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. 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 more detailed calculations.

Which Sub Registrar Office covers Chinna Ellaiappa Line Main?

The Chinna Ellaiappa Line Main falls under 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 information.

How the guideline value is used when you buy or sell in Ward-7

The guideline value is a critical factor in the registration of property transactions in Ward-7. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, buyers and sellers must consider the guideline value, as it is used to calculate the applicable duties and fees. The registration process ensures that the property transaction is legally recognized, and the guideline value plays a significant role in this procedure.

Frequently asked questions

What is the current guideline value of Chinna Ellaiappa Line Main?

The current guideline value of Chinna Ellaiappa Line Main is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,260 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, showing an overall increase of 59% over the years.

What is the land classification for Chinna Ellaiappa Line Main?

Chinna Ellaiappa Line Main is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

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

The Sub Registrar Office covering Chinna Ellaiappa Line Main is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.