Guideline Value

Corporate

Guideline Value for DAILY MARKET

₹700/sq.ft.

The guideline value for Daily Market in Ward - C village (Udumalpettai SRO, Coimbatore zone) is Rs 700 per sq.ft, effective 1 July 2024. It was Rs 626 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - C

Village

Udumalpettai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹700 /sq.ft.
From 1-4-2023 ₹626 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹419 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹625 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office,udumalpet,21,katcheri Street,taluk Office Campus,udumalapet-642126
04252-292027
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Daily Market

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Daily Market guideline value

The current guideline value for Daily Market, located in Ward - C village under the Udumalpettai SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Daily Market has changed

The guideline value for Daily Market has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 625 per sq.ft. This was followed by a decrease to Rs 419 per sq.ft in 2017. The subsequent revision in 2023 increased the value to Rs 626 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 700 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The changes between the revisions indicate a significant increase of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO with a 2024 guideline value range from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 475 per sq.ft, placing Daily Market's 2024 figure above this median.

Stamp duty and registration fee for property in Daily Market

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which totals Rs 49,000, and the registration fee is charged at 2%, amounting to Rs 14,000. Together, the total cost for stamp duty and registration fees would be Rs 63,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Daily Market?

The Daily Market area falls under the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty, which is a mandatory fee paid to the government. This ensures that the transaction is officially recorded and recognized, safeguarding the interests of both parties involved in the sale.

Frequently asked questions

What is the current guideline value for Daily Market?

The current guideline value for Daily Market is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with notable changes including a decrease to Rs 419 per sq.ft in 2017 and an increase to Rs 626 per sq.ft in 2023.

What is the stamp duty rate applicable in Daily Market?

The stamp duty rate applicable in Daily Market is 7% of the guideline value or the sale price, whichever is higher.

Where is the Udumalpettai Sub Registrar Office located?

The Udumalpettai Sub Registrar Office is located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

What is the median guideline value for streets in Ward - C?

The median guideline value for streets in Ward - C is Rs 475 per sq.ft, with Daily Market's current guideline value being above this median.