Guideline Value for Chinnavadam Patti lane

Chinnavadam Patti lane guideline value

The current guideline value of Chinnavadam Patti lane is Rs 1,450 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Chinnavadam Patti lane has changed

Over the years, the guideline value of Chinnavadam Patti lane has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,300 per sq.ft in 2012, marking a significant rise of 117%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. The value then rose again to Rs 1,300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,450 per sq.ft, which is a 12% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 142%.

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 lane's current guideline value is below this median.

• Chinnavadam Patti Main: Rs 2,000 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 Ellaiyappa 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 lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would amount to Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total to Rs 1,30,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnavadam Patti lane?

The Chinnavadam Patti lane is covered by 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-7

When buying or selling property in Ward-7, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at an appropriate value.

Additionally, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chinnavadam Patti lane?

The current guideline value of Chinnavadam Patti lane is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, reflecting an overall increase of 142% over this period.

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

Other streets in Ward-7 include Chinnavadam Patti Main at Rs 2,000 per sq.ft, Chockampudur Road at Rs 2,900 per sq.ft, and Chetti Street at Rs 1,450 per sq.ft, among others.

What fees are associated with buying property in Chinnavadam Patti lane?

When buying property in Chinnavadam Patti lane, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnavadam Patti lane?

The Sub Registrar Office covering Chinnavadam Patti lane is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.