Guideline Value for Chockampudur Road

Chockampudur Road guideline value

The current guideline value of Chockampudur Road is Rs 2,900 per sq.ft, effective from 1 July 2024. This road is located in Ward-7 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Chockampudur Road has changed

Over the years, the guideline value for Chockampudur Road has seen several revisions. The 2007 revision set the value at Rs 980 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision raised it to Rs 2,500 per sq.ft, and the most recent 2024 revision has brought it to Rs 2,900 per sq.ft, marking a 16% increase from the previous year.

In summary, from 2017 to 2023, there was a 49% increase, while the value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 155%. Overall, the guideline value has increased by 196% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value is Rs 2,900 per sq.ft, which matches the current guideline value of Chockampudur Road.

• Chinnavadam Patti Main: Rs 2,000 per sq.ft (2024)
• Chinnavadam Patti lane: Rs 1,450 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)
• Dhase Gounder Lane: Rs 1,450 per sq.ft (2024)

Stamp duty and registration fee for property in Chockampudur Road

For a 1,000 sq.ft plot at the current rate of Rs 2,900 per sq.ft, the guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. 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 Chockampudur Road?

The Sub Registrar Office that covers Chockampudur Road 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-7

The guideline value is an essential factor in the registration process when buying or selling property in Ward-7. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that transactions are conducted fairly and transparently.

When registering a property, buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chockampudur Road?

The current guideline value of Chockampudur Road is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 980 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, showing an overall increase of 196% over the years.

What is the registration office for Chockampudur Road?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 29,00,000, the total fees would amount to Rs 2,61,000.

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 7,300 per sq.ft. The median value in the area is Rs 2,900 per sq.ft, which is the same as the guideline value for Chockampudur Road.