Guideline Value for Coimbatore Fruit Market

Coimbatore Fruit Market guideline value

The current guideline value of Coimbatore Fruit Market is Rs 3,900 per sq.ft, effective from 1 July 2024. This property is located in Ward-3 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - III.

How the guideline value of Coimbatore Fruit Market has changed

Over the years, the guideline value for Coimbatore Fruit Market has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which later dropped to Rs 2,345 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 3,500 per sq.ft, and the most recent 2024 revision raised it to Rs 3,900 per sq.ft.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value is Rs 1,800 per sq.ft, indicating that Coimbatore Fruit Market's 2024 figure is above this median.

• Chokkampudur Road (South Side) Main: Rs 2,000 per sq.ft (2024)
• Chokkampudur Road (South Side) Lane: Rs 2,000 per sq.ft (2024)
• Chinnadurai 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)
• Chellammal Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Coimbatore Fruit Market

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. Note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Coimbatore Fruit Market?

The Coimbatore Fruit Market falls under the jurisdiction of the Coimbatore North Joint 1 Sub Registrar Office. The office is 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-3

The guideline value is a crucial factor when buying or selling property in Ward-3, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. 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 Coimbatore Fruit Market?

The current guideline value of Coimbatore Fruit Market is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, with notable changes in between.

What is the land classification of Coimbatore Fruit Market?

Coimbatore Fruit Market is classified as Commercial Special Type - III, which influences its guideline value and usage.

Where is the Coimbatore North Joint 1 SRO located?

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

How is the stamp duty calculated for properties in Coimbatore Fruit Market?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%.