Guideline Value for Chinnavadam Patti Main

Chinnavadam Patti Main guideline value

The current guideline value of Chinnavadam Patti Main is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Chinnavadam Patti Main has changed

The guideline value for Chinnavadam Patti Main has seen several revisions over the years. In 2007, the value was Rs 1,260 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. Following that, the value rose significantly to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 2,000 per sq.ft as of the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2017 to 2023, there was a 49% increase, while from 2012 to 2017, there was a decrease of 33%. The value increased by 43% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 59%.

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. Chinnavadam Patti Main's 2024 figure of Rs 2,000 per sq.ft is below this median.

• Chinnavadam Patti lane: Rs 1,450 per sq.ft (2024)
• Chockampudur Road: Rs 2,900 per sq.ft (2024)
• Chinna Ellaiyappa Line Lane: Rs 1,700 per sq.ft (2024)
• Chinna Ellaiappa Line Main: Rs 2,000 per sq.ft (2024)
• Chetti Street: Rs 1,450 per sq.ft (2024)
• Brindha Lay out: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnavadam Patti Main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost for these fees Rs 1,80,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnavadam Patti Main?

The Sub Registrar Office that covers Chinnavadam Patti Main is the Coimbatore North Joint 1 Sub Registrar Office. The office is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. 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 an essential factor in property transactions within Ward-7. It determines the minimum value for which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is important to note that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Chinnavadam Patti Main?

The current guideline value of Chinnavadam Patti Main is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,260 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, with various revisions in between. Notable changes include a 49% increase from 2017 to 2023.

What are the guideline values of other streets in Ward-7?

Other streets in Ward-7 have varying guideline values, ranging from Rs 1,450 to Rs 2,900 per sq.ft in 2024. For instance, Chinnavadam Patti lane is Rs 1,450 per sq.ft, while Chockampudur Road is Rs 2,900 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a plot valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.

Where is the Sub Registrar Office located for Chinnavadam Patti Main?

The Sub Registrar Office for Chinnavadam Patti Main is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.