Guideline Value for Chinna Ellaiyappa Line Lane

Chinna Ellaiyappa Line Lane guideline value

The current guideline value of Chinna Ellaiyappa Line Lane is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Chinna Ellaiyappa Line Lane has changed

The guideline value for Chinna Ellaiyappa Line Lane has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 600 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, but then saw a decrease to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

In summary, the changes between revisions are notable. From 2007 to 2012, there was a substantial increase of 150%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 183%.

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. Chinna Ellaiyappa Line Lane's 2024 guideline value of Rs 1,700 per sq.ft is below this median.

• Chinna Ellaiappa Line Main: Rs 2,000 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 Ellaiyappa Line Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinna Ellaiyappa Line Lane?

The Chinna Ellaiyappa Line Lane is covered by 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 Ward-7

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-7. It determines the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers comply with legal requirements during property transactions. It ensures that the correct fees are paid and that the property is accurately valued for registration purposes.

Frequently asked questions

What is the current guideline value of Chinna Ellaiyappa Line Lane?

The current guideline value of Chinna Ellaiyappa Line Lane is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 183% over the years.

What is the land classification for Chinna Ellaiyappa Line Lane?

Chinna Ellaiyappa Line Lane is classified as Residential Class II Type - II.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a plot valued at Rs 17,00,000 would incur a total fee of Rs 1,53,000.

Which Sub Registrar Office covers this area?

The Coimbatore North Joint 1 Sub Registrar Office covers Chinna Ellaiyappa Line Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.