Guideline Value for Chinna Kovil Street

Chinna Kovil Street guideline value

The current guideline value of Chinna Kovil Street in Perur village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinna Kovil Street has changed

According to the guideline value register, there are no figures available for Chinna Kovil Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 450 per sq.ft, and the most recent 2024 revision increased this to Rs 500 per sq.ft, marking an increase of 11%.

The 2024 revision reflects a significant change in the guideline value for Chinna Kovil Street compared to the previous year. The current rate of Rs 500 per sq.ft is above the median guideline value of Rs 400 per sq.ft for the 45 streets in Perur under the Coimbatore South Joint 1 SRO.

Guideline values in Perur

In Perur, the guideline values for the 2024 revision range from Rs 280 to Rs 900 per sq.ft. Chinna Kovil Street's 2024 figure is above the median value of Rs 400 per sq.ft. Below are the guideline values for other streets in Perur:

• Gandhi Nagar: Rs 450 per sq.ft (2024)
• Blake Mariamman Kovil Street: Rs 400 per sq.ft (2024)
• Bharathy Puram: Rs 450 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Green City: Rs 570 per sq.ft (2024)
• Attru Road: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Kovil Street?

The Sub Registrar Office that covers Chinna Kovil Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Perur, as it determines the minimum value at which properties can be registered. When a buyer purchases a property, the registration process involves calculating the stamp duty based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value helps both buyers and sellers navigate the registration process efficiently. It ensures that the property is registered at a value that reflects the official rates set by the government, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Chinna Kovil Street?

The current guideline value of Chinna Kovil Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

In the 2024 revision, the guideline value increased from Rs 450 per sq.ft in 2023 to Rs 500 per sq.ft, representing an 11% increase.

Are there any historical figures for Chinna Kovil Street?

The guideline value register does not have figures for Chinna Kovil Street for the years 2002, 2003, 2007, 2012, and 2017.

What is the stamp duty rate for property in Chinna Kovil Street?

The stamp duty rate for property in Chinna Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinna Kovil Street?

The Sub Registrar Office for Chinna Kovil Street is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 SRO.