Guideline Value for Cox Street (or) Palani Gounder Street

Cox Street (or) Palani Gounder Street guideline value

The current guideline value of Cox Street (or) Palani Gounder Street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO, classified as Commercial Class I Type - II.

How the guideline value of Cox Street (or) Palani Gounder Street has changed

The guideline value for Cox Street (or) Palani Gounder Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,400 per sq.ft, which is an increase from Rs 3,000 per sq.ft in 2023, reflecting a change of +13%. Prior to that, in 2017, the value was Rs 2,010 per sq.ft, showing a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 3,000 per sq.ft, which was a decrease of -33% from the 2017 figure. The overall change from the 2012 revision to the 2024 revision is +13%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The guideline value for the years 2012, 2017, 2023, and 2024 reflects the fluctuations in property valuation over time.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median guideline value is Rs 3,400 per sq.ft, which is equal to the current value of Cox Street (or) Palani Gounder Street.

• Cox Street (or) Palani Gounder Lane: Rs 3,200 per sq.ft (2024)
• Club Road: Rs 4,400 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 Cox Street (or) Palani Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, while the registration fee at 2% would be Rs 68,000, bringing the total cost together to Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Cox Street (or) Palani Gounder Street?

The Sub Registrar Office that covers Cox Street (or) Palani Gounder Street is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ward-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the actual sale price, which can affect the overall financial commitment involved in the transaction.

Frequently asked questions

What is the current guideline value of Cox Street (or) Palani Gounder Street?

The current guideline value of Cox Street (or) Palani Gounder Street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,400 per sq.ft in 2024, a change of +13%. It was Rs 2,010 per sq.ft in 2017, showing a +49% increase to the 2023 figure.

What is the land classification for Cox Street (or) Palani Gounder Street?

Cox Street (or) Palani Gounder Street is classified as Commercial Class I Type - II.

Where can I find the registration office for this street?

The registration office for Cox Street (or) Palani Gounder Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000.