Guideline Value for Chokkampudur Road

Chokkampudur Road guideline value

The current guideline value of Chokkampudur Road in Kumarapalayam village is Rs 1,550 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Chokkampudur Road has changed

The guideline value for Chokkampudur Road has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,400 per sq.ft. With the latest revision in 2024, the value increased to Rs 1,550 per sq.ft, marking an 11% rise from the previous year.

This consistent increase in guideline value reflects the ongoing adjustments made by the registration department. The latest figure for 2024 is notably higher than the previous revisions, indicating a significant change in the valuation of this street.

Guideline values in Kumarapalayam

Kumarapalayam features a total of 290 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 1,001 per sq.ft, placing Chokkampudur Road's 2024 figure above this median.

• Chokkampudur Oorkattu: Rs 1,000 per sq.ft (2024)
• Chidambaram Colony: Rs 1,000 per sq.ft (2024)
• Cheran Nagar: Rs 1,000 per sq.ft (2024)
• D.G.Ramasamy Naidu Street: Rs 1,002 per sq.ft (2024)
• Dhanalakshmi Gardens: Rs 1,550 per sq.ft (2024)
• C.G.V.Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Chokkampudur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost for these fees to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chokkampudur Road?

The Sub Registrar Office that covers Chokkampudur Road is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kumarapalayam

The guideline value plays a crucial role in the registration of properties in Kumarapalayam. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Chokkampudur Road?

The current guideline value of Chokkampudur Road is Rs 1,550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 1,400 per sq.ft to Rs 1,550 per sq.ft, reflecting an 11% increase.

What is the land classification of Chokkampudur Road?

Chokkampudur Road is classified as Residential Class I Type - I under the Coimbatore South Joint 1 SRO.

What are the stamp duty and registration fees for a property on Chokkampudur Road?

For a 1,000 sq.ft property, the total guideline value is Rs 15,50,000. The stamp duty is Rs 1,08,500 and the registration fee is Rs 31,000, totaling Rs 1,39,500 for these fees.

Which office handles property registrations for Chokkampudur Road?

The Coimbatore South Joint 1 Sub Registrar Office handles property registrations for Chokkampudur Road, located at No.410a, Raja Street, Coimbatore-641001.