Guideline Value for Chokkampudur Road (South Side) Lane

Chokkampudur Road (South Side) Lane guideline value

The current guideline value of Chokkampudur Road (South Side) Lane is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village under the Coimbatore North Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Chokkampudur Road (South Side) Lane has changed

Over the years, the guideline value for Chokkampudur Road (South Side) Lane has seen significant changes. The 2007 revision set the value at Rs 560 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012, marking a substantial rise of 221%. However, this value then decreased to Rs 1,206 per sq.ft in 2017, reflecting a drop of 33%. The guideline value rose again to Rs 1,800 per sq.ft in 2023, and most recently, it has increased to Rs 2,000 per sq.ft in the 2024 revision, which is an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 guideline value, there has been a significant increase of 257%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,800 per sq.ft. Chokkampudur Road (South Side) Lane's 2024 figure of Rs 2,000 per sq.ft is above this median.

• Chokkampudur Road (South Side) Main: Rs 2,000 per sq.ft (2024)
• Coimbatore Fruit Market: Rs 3,900 per sq.ft (2024)
• Chinnadurai Nagar: Rs 2,000 per sq.ft (2024)
• Chellammal Nagar: Rs 2,000 per sq.ft (2024)
• Dharmaraja Kovil Lane Lane: Rs 1,350 per sq.ft (2024)
• Dharmaraja Kovil Street Main: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Chokkampudur Road (South Side) Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty, charged at 7%, would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chokkampudur Road (South Side) Lane?

The Sub Registrar Office that covers Chokkampudur Road (South Side) Lane is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-3

The guideline value plays a crucial role in property transactions in Ward-3. It is used to determine the stamp duty and registration fees when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Chokkampudur Road (South Side) Lane?

The current guideline value of Chokkampudur Road (South Side) Lane 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 significantly, from Rs 560 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, representing an overall increase of 257%.

What is the registration office for Chokkampudur Road (South Side) Lane?

The registration office for Chokkampudur Road (South Side) Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at Syryan Church Road, Coimbatore -641001.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.

What is the land classification for Chokkampudur Road (South Side) Lane?

The land classification for Chokkampudur Road (South Side) Lane is Residential Class I Type - I, indicating its suitability for residential development.