Guideline Value for Coimbatore Main Road

Coimbatore Main Road guideline value

The current guideline value of Coimbatore Main Road is Rs 900 per sq.ft, as per the 2023 revision. This street is located in Karumathapatti village and falls under the Sulur SRO, classified as Commercial Class I Type - I.

How the guideline value of Coimbatore Main Road has changed

Looking at the revisions, the guideline value for Coimbatore Main Road was Rs 900 per sq.ft in 2012. This figure remained the same in the subsequent revision in 2017, where it decreased to Rs 603 per sq.ft. However, in the latest revision in 2023, the guideline value increased to Rs 900 per sq.ft again. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw an increase of 49%. In contrast, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 900 per sq.ft.

Guideline values in Karumathapatti

Currently, there are no specific guideline values provided for other streets in Karumathapatti. The Coimbatore Main Road guideline value stands at Rs 900 per sq.ft.

Stamp duty and registration fee for property in Coimbatore Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 Coimbatore Main Road?

The Coimbatore Main Road is covered by the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karumathapatti. It determines the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Coimbatore Main Road?

The current guideline value of Coimbatore Main Road is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then back to Rs 900 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007.

What is the stamp duty rate for property in Coimbatore Main Road?

The stamp duty rate for property in Coimbatore Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sulur Sub Registrar Office located?

The Sulur Sub Registrar Office is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration. It is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.