Guideline Value for Chinna kadai Street

Chinna kadai Street guideline value

The current guideline value of Chinna kadai Street 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 has changed

The guideline value for Chinna kadai Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,000 per sq.ft in 2023, and then to Rs 5,600 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The latest change from 2023 to 2024 reflects a 12% rise. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward-4

In Ward-4, there are 24 streets under the Coimbatore North Joint 1 SRO 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'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 (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

For a 1,000 sq.ft plot at the current rate of Rs 5,600 per sq.ft, the 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, totaling Rs 5,04,000. 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 kadai Street?

The Sub Registrar Office covering Chinna kadai Street is 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 is a crucial factor during the registration process of property transactions in Ward-4. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is essential to understand that the guideline value must be adhered to for registration purposes. This ensures transparency and compliance with local regulations, making it a vital aspect of any real estate transaction in the area.

Frequently asked questions

What is the current guideline value of Chinna kadai Street?

The current guideline value of Chinna kadai Street 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 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,600 per sq.ft in 2024.

What are the other streets in Ward-4?

Other streets in Ward-4 include Chinna Kadai Street (Out side) Lane and Main, Chetty Street Main and Lane, Big Bazaar Street Main, and Kamatchiamman Kovil Street Lane, each with their respective guideline values.

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

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 5,600 per sq.ft incurs a total of Rs 5,04,000 in fees.

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

The Sub Registrar Office for Chinna kadai Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001.