Guideline Value for Cross Cut Road South Side Main Road Lane

Cross Cut Road South Side Main Road Lane guideline value

The current guideline value of Cross Cut Road South Side Main Road Lane is Rs 10,000 per sq.ft, effective from 1 July 2024. This property is located in Ward-9 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - I.

How the guideline value of Cross Cut Road South Side Main Road Lane has changed

The guideline value for Cross Cut Road South Side Main Road Lane has seen significant changes over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased dramatically to Rs 9,000 per sq.ft in 2012, reflecting a rise of 650%. However, between 2012 and 2017, the value decreased to Rs 6,030 per sq.ft, marking a decline of 33%. The value then increased again to Rs 9,000 per sq.ft in 2023, a rise of 49% from the previous figure. The latest revision in 2024 has set the guideline value at Rs 10,000 per sq.ft, an increase of 11% from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 733%.

Guideline values in Ward-9

In Ward-9, there are 73 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 10,000 per sq.ft. The median value for these streets is Rs 4,200 per sq.ft, indicating that the 2024 figure for Cross Cut Road South Side Main Road Lane is above this median.

• Cross Cut Road South Side Main Road Main: Rs 10,000 per sq.ft (2024)
• Dabethar Street Lane: Rs 1,550 per sq.ft (2024)
• Dabethar Street Main: Rs 1,900 per sq.ft (2024)
• Desabandhu Street Lane: Rs 3,900 per sq.ft (2024)
• Desabandhu Street Main: Rs 3,900 per sq.ft (2024)
• Dr.Rajarathinam Street: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Cross Cut Road South Side Main Road Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 10,000 per sq.ft, the total guideline value would be Rs 1,00,00,000. The stamp duty at 7% would amount to Rs 7,00,000, while the registration fee at 2% would be Rs 2,00,000, making the total fees Rs 9,00,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cross Cut Road South Side Main Road Lane?

The Sub Registrar Office that covers Cross Cut Road South Side Main Road Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward-9

The guideline value plays a crucial role in property transactions in Ward-9. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cross Cut Road South Side Main Road Lane?

The current guideline value of Cross Cut Road South Side Main Road Lane is Rs 10,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 10,000 per sq.ft in 2024, reflecting an overall increase of 733% over the years.

What is the land classification for Cross Cut Road South Side Main Road Lane?

The land classification for Cross Cut Road South Side Main Road Lane is Commercial Special Type - I.

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

The Sub Registrar Office for Cross Cut Road South Side Main Road Lane 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 based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 1,00,00,000, the stamp duty would be Rs 7,00,000 at a rate of 7%.