Guideline Value for Chinna Kadai Street (Out side) Main

Chinna Kadai Street (Out side) Main guideline value

The current guideline value of Chinna Kadai Street (Out side) Main is Rs 5,600 per sq.ft. This street is located in Ward-4 village under the Coimbatore North Joint 1 SRO, and it falls under the land classification of Commercial Special Type - III.

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

The guideline value for Chinna Kadai Street (Out side) Main has seen significant changes over the years. The 2007 revision set the value at Rs 1,350 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. This was followed by a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 5,600 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 315%. The changes observed between the revisions include a 270% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024.

Guideline values in Ward-4

In Ward-4, there are 24 streets that carry 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. Chinna Kadai Street (Out side) Main's 2024 figure of Rs 5,600 per sq.ft is above this median.

• Chinna Kadai Street (Out side) Lane: Rs 5,600 per sq.ft (2024)
• Chinna kadai Street: 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) Main

For a 1,000 sq.ft plot at the current guideline value of Rs 5,600 per sq.ft, the total guideline value would be Rs 56,00,000. The stamp duty at 7% would amount to Rs 3,92,000, and the registration fee at 2% would be Rs 1,12,000, leading to a total cost of 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 details.

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

The Sub Registrar Office that covers Chinna Kadai Street (Out side) Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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 is used to determine the stamp duty and registration fees that are applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When registering a property, the guideline value is compared against the sale price, and the higher of the two values is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Chinna Kadai Street (Out side) Main 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 significantly, increasing from Rs 1,350 per sq.ft in 2007 to Rs 5,600 per sq.ft in 2024, marking an overall increase of 315%.

What are the other streets in Ward-4?

Other streets in Ward-4 include Chinna Kadai Street (Out side) Lane, Chinna kadai Street, Chetty Street Main, Chetty Street Lane, Big Bazaar Street Main, and Kamatchiamman Kovil Street Lane, with their respective guideline values ranging from Rs 1,900 to Rs 6,800 per sq.ft.

Where can I find the registration office for Chinna Kadai Street (Out side) Main?

The registration office for Chinna Kadai Street (Out side) Main 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 higher of the guideline value or the sale price. For example, if the guideline value is Rs 56,00,000, the stamp duty at 7% would be Rs 3,92,000.