Guideline Value for Chinna Kadai Street (Out side) Lane

Chinna Kadai Street (Out side) Lane guideline value

The current guideline value of Chinna Kadai Street (Out side) Lane is Rs 5,600 per sq.ft, effective from 1 July 2024. This street is located in Ward-4 village, under the Coimbatore North Joint 1 SRO, and is classified as Commercial Special Type - III.

How the guideline value of Chinna Kadai Street (Out side) Lane has changed

The guideline value for Chinna Kadai Street (Out side) Lane has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The 2023 revision set the value at Rs 5,000 per sq.ft, which was further increased to Rs 5,600 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 460%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ward-4

In Ward-4, there are 24 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 10,700 per sq.ft, with a median value of Rs 3,500 per sq.ft. The guideline value for Chinna Kadai Street (Out side) Lane is above this median.

• Chinna kadai Street: Rs 5,600 per sq.ft (2024)
• Chinna Kadai Street (Out side) Main: Rs 5,600 per sq.ft (2024)
• Chetty Street Main: Rs 2,300 per sq.ft (2024)
• Chetty Street Lane: Rs 1,900 per sq.ft (2024)
• Big Bazaar Street Main: Rs 6,800 per sq.ft (2024)
• Kamatchiamman Kovil Street Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kadai Street (Out side) Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,600 per sq.ft, the total guideline value amounts to Rs 56,00,000. The stamp duty at 7% would be Rs 3,92,000, and the registration fee at 2% would be Rs 1,12,000, bringing the total to Rs 5,04,000. 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 accurate calculations based on your property transaction.

Which Sub Registrar Office covers Chinna Kadai Street (Out side) Lane?

The Chinna Kadai Street (Out side) Lane 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-4

The guideline value plays a crucial role in property transactions in Ward-4. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

At the time of registration, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinna Kadai Street (Out side) Lane?

The current guideline value of Chinna Kadai Street (Out side) Lane is Rs 5,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 5,600 per sq.ft in 2024, showing an overall increase of 460% over these years.

What are the other streets in Ward-4 with their guideline values?

Other streets in Ward-4 include Chinna kadai Street and Chinna Kadai Street (Out side) Main, both at Rs 5,600 per sq.ft, Chetty Street Main at Rs 2,300 per sq.ft, and others with varying values.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Chinna Kadai Street (Out side) Lane is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Chinna Kadai Street (Out side) Lane is located at the District Registrar Office on Syryan Church Road, Coimbatore -641001.