Guideline Value for Coimbatore to Podanur Road

Coimbatore to Podanur Road guideline value

The current guideline value for Coimbatore to Podanur Road is Rs 1,550 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village, under the Coimbatore North Joint 1 SRO, with a land classification of Commercial Special Type - II.

How the guideline value of Coimbatore to Podanur Road has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure was in 2012, set at Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in 2017. In 2023, the value increased to Rs 1,400 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,550 per sq.ft.

From 2012 to 2017, there was a decline of 33%. However, the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing the Coimbatore to Podanur Road guideline value above that median.

• Church Road (Ward 7): Rs 1,065 per sq.ft (2024)
• C.T.O Colony Madukkarai Road (Ward 17): Rs 1,060 per sq.ft (2024)
• Devasia Nagar Layout: Rs 1,040 per sq.ft (2024)
• Chinnammal Street (Ward 7): Rs 1,035 per sq.ft (2024)
• Chettipalayam Road (Ward 9): Rs 1,075 per sq.ft (2024)
• Chettipalayam Road: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Coimbatore to Podanur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, resulting in a total of Rs 1,39,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Coimbatore to Podanur Road?

The Coimbatore North Joint 1 Sub Registrar Office covers Coimbatore to Podanur Road. The office is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kurichi. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Coimbatore to Podanur Road?

The current guideline value for Coimbatore to Podanur Road is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Coimbatore to Podanur Road is Commercial Special Type - II.

What are the other streets in Kurichi and their guideline values?

Other streets in Kurichi have guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. For example, Church Road (Ward 7) is Rs 1,065 per sq.ft, and Chettipalayam Road (Ward 9) is Rs 1,075 per sq.ft in 2024.

Where can I find the Sub Registrar Office for this area?

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