Guideline Value for Cholakali palayam road

Cholakali palayam road guideline value

The current guideline value of Cholakali palayam road is Rs 600 per sq.ft, effective from 1 July 2024. This road is located in Kodumudi village, under the Kodumudi SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Cholakali palayam road has changed

The guideline value for Cholakali palayam road has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 81 per sq.ft. This increased to Rs 160 per sq.ft in 2007, marking a significant rise of 98%. In 2012, the value jumped to Rs 600 per sq.ft, a substantial increase of 275%. However, in 2017, it decreased to Rs 402 per sq.ft, reflecting a decline of 33%. The value remained at Rs 600 per sq.ft in 2023, and again in the 2024 revision, indicating no change from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 641%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Kodumudi

In Kodumudi village, there are 92 streets under the Kodumudi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Cholakali palayam road above this median.

• Chinnagounder theru: Rs 200 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Dhasan veedu kaliyanna gounder theru: Rs 200 per sq.ft (2024)
• East Agraharam: Rs 600 per sq.ft (2024)
• Erode - karur road: Rs 600 per sq.ft (2024)
• Ganapathipalayam Main Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholakali palayam road

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that 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 Cholakali palayam road?

The Cholakali palayam road is covered by the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodumudi. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cholakali palayam road?

The current guideline value of Cholakali palayam road is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 81 per sq.ft in 2003 to Rs 600 per sq.ft in 2024, showing an overall increase of 641% over this period.

What is the median guideline value in Kodumudi?

The median guideline value for streets in Kodumudi is Rs 200 per sq.ft, with Cholakali palayam road being above this median at Rs 600 per sq.ft.

What are the stamp duty rates for properties in Cholakali palayam road?

The stamp duty rate for properties in Cholakali palayam road is 7% of the guideline value or sale price, whichever is higher.

Where is the Kodumudi Sub Registrar Office located?

The Kodumudi Sub Registrar Office is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.