Guideline Value for Club Road

Club Road guideline value

The current guideline value of Club Road, located in Ward-1 village under the Coimbatore North Joint 1 SRO, is Rs 4,400 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - III.

How the guideline value of Club Road has changed

The guideline value for Club Road has seen several revisions over the years. In 2007, the value was Rs 1,205 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017. From 2017 to 2023, the value surged by 49% to reach Rs 4,000 per sq.ft, and with the latest revision in 2024, it has further increased by 10% to Rs 4,400 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. The overall increase from the 2007 revision to the 2024 revision is 265%, reflecting significant changes in the guideline value over the years.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, placing Club Road's 2024 value above this median.

• Cox Street (or) Palani Gounder Lane: Rs 3,200 per sq.ft (2024)
• Cox Street (or) Palani Gounder Street: Rs 3,400 per sq.ft (2024)
• Devi & Co Lane: Rs 6,200 per sq.ft (2024)
• Devi & Co Lane Main: Rs 6,200 per sq.ft (2024)
• Dhandumariyamman Kovil Street: Rs 2,800 per sq.ft (2024)
• Dr.Munusamy Gardens Road Main: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Club Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Club Road?

The Sub Registrar Office that covers Club 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 further assistance.

How the guideline value is used when you buy or sell in Ward-1

The guideline value is a critical factor during the registration of property transactions in Ward-1. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Club Road?

The current guideline value of Club Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,205 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 265% over the years.

What is the land classification for Club Road?

Club Road falls under the land classification of Residential Special Type - III.

Where is the Sub Registrar Office for Club Road located?

The Sub Registrar Office for Club Road is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Club Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.