Guideline Value for Cross Cut Road South Side Main Road Main

Cross Cut Road South Side Main Road Main guideline value

The current guideline value for Cross Cut Road South Side Main Road Main 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, and it is classified as Commercial Special Type - I.

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

The guideline value for Cross Cut Road South Side Main Road Main has seen significant changes over the years. In 2007, the value was Rs 2,460 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012, marking a substantial rise of 266%. However, by 2017, the value decreased to Rs 6,030 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 9,000 per sq.ft in 2023, and most recently, it has increased by 11% to Rs 10,000 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, there has been an increase of 307% in the guideline value. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Ward-9

In Ward-9, there are a total of 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 guideline value for these streets is Rs 4,200 per sq.ft, indicating that the value for Cross Cut Road South Side Main Road Main is above this median.

• Cross Cut Road South Side Main Road Lane: 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 Main

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, and 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 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 details.

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

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

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

The guideline value is a critical factor when buying or selling property in Ward-9, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value may influence the sale price, as it is used as a reference point during the registration process.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Cross Cut Road South Side Main Road Main 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 from Rs 2,460 per sq.ft in 2007 to Rs 10,000 per sq.ft in 2024, showing an overall increase of 307% over the years.

What are the other streets in Ward-9 with their guideline values?

Other streets in Ward-9 include Cross Cut Road South Side Main Road Lane at Rs 10,000 per sq.ft, Dabethar Street Lane at Rs 1,550 per sq.ft, and several others, with values ranging from Rs 1,550 to Rs 10,000 per sq.ft.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Cross Cut Road South Side Main Road Main is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,00,00,000 would incur a stamp duty of Rs 7,00,000 and a registration fee of Rs 2,00,000.