Guideline Value for Coimbatore mainroad (Ward 13)

Coimbatore mainroad (Ward 13) guideline value

The current guideline value of Coimbatore mainroad (Ward 13) is Rs 1,680 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village under the Mettupalayam SRO, classified as Commercial Class I Type - I.

How the guideline value of Coimbatore mainroad (Ward 13) has changed

Since the 2012 revision, the guideline value for Coimbatore mainroad (Ward 13) has seen several changes. The figures have been Rs 1,500 per sq.ft in 2012, Rs 1,005 per sq.ft in 2017, Rs 1,500 per sq.ft in 2023, and currently Rs 1,680 per sq.ft in 2024. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The guideline value then rose by 12% from 2023 to 2024, resulting in an overall increase of 12% from 2012 to 2024.

Guideline values in Karamadai

In Karamadai, there are 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value is Rs 800 per sq.ft, placing Coimbatore mainroad (Ward 13) above this median.

• Coimbatore Mettupalayam Main Road (Ward 2): Rs 1,680 per sq.ft (2024)
• Coffee Gudan Street (Ward 19): Rs 800 per sq.ft (2024)
• Cycle Shop Ramasamy Street (Ward 18): Rs 1,120 per sq.ft (2024)
• Devi Nagar: Rs 800 per sq.ft (2024)
• Chettiar street (Ward 11): Rs 1,120 per sq.ft (2024)
• Cheran Nagar: Rs 785 per sq.ft (2024)

Stamp duty and registration fee for property in Coimbatore mainroad (Ward 13)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, resulting in a combined total of Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Coimbatore mainroad (Ward 13)?

The Coimbatore mainroad (Ward 13) is covered by the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Karamadai. It is used to determine the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair rate, reflecting the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Coimbatore mainroad (Ward 13)?

The current guideline value of Coimbatore mainroad (Ward 13) is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 in 2012 to Rs 1,005 in 2017, then to Rs 1,500 in 2023, and currently to Rs 1,680 in 2024. The most recent change represents a 12% increase from the previous year.

What is the median guideline value in Karamadai?

The median guideline value in Karamadai is Rs 800 per sq.ft. Coimbatore mainroad (Ward 13) is above this median at Rs 1,680 per sq.ft.

What are the stamp duty rates for properties in Coimbatore mainroad (Ward 13)?

The stamp duty for properties in Coimbatore mainroad (Ward 13) is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Mettupalayam Sub Registrar Office located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.