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Looking to purchase villas for sale in Chennai? RoofandFloor is your one-stop destination to find the perfect home. With over 283+ villas available for sale, you can find the best based on your preferences. From affordable to luxurious villas, Roofan...Read More
Available Units
3 BHK Villas/Homes
2704 Sqft
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Brindavan Vidyalaya Matriculation High School
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2810 Sqft
Top Five Localities to Buy Villas in Coimbatore
There are a few significant factors to consider and a lot of planning that goes into purchasing a villa in Coimbatore. Some of them are verifying the builders credentials, ensuring that the project is of high quality, discussing the final cost of the property, checking on the amenities included and whether there are additional costs, ensuring that the space is livable with adequate lighting and ventilation, taking Vastu principles into account, confirming that it is easy to commute to other parts of the city, and other essential factors. Saravanampatti, Kovilpalayam, Thudiyalur, Kalapatti, and Kovaipudur are the top five areas that satisfy all the requirements for buying a villa.
1. Saravanampatti
Saravanampatti can also be called the IT corridor of Coimbatore, as it encompasses various IT companies. It has better accessibility to other parts of the city via the Trichy Road, Ooty Mettupalayam Road, and the Salem Chennai Highway. Some of the top residential areas that share borders with Saravanampatty are Vilankurichi, Kurumbapalayam, Cheranmanagar, Thudiyalur, and Ganapathy. It has better connectivity, with easy access to Coimbatore International Airport and Gandhipuram Central Bus Terminus. Prozone Mall is located in closer proximity and offers a wide range of entertainment and shopping. It also has excellent social infrastructure with various schools, colleges, and hospitals.
2. Kovilpalayam
Kovilpalayam is one of the best residential localities in Coimbatore, situated on the banks of the Kousika River. This area is popularly known for the Kaalakaleshwar Temple, built by the Cholas in the 8th century A.D. It is located in closer proximity to various IT hubs, which contribute to the real estate growth in this area. It is renowned for its civic and social facilities and efficient public transportation infrastructure. Kovilpalayam has all the modern conveniences required for a pleasant existence, including an abundant quantity of water resources and a dependable electricity supply.
3. Thudiyalur
Thudiyalur was initially known as Thiruthudisaiampathy, which is experiencing rapid growth and development in recent years. Some of the other residential areas that are located in closer proximity to Thudiyalur are Vellakinar, Sengalipalayam, NGGO Colony, and Subramaniapalayam. It is well connected to other parts of the city via road and rail transport. It has excellent social infrastructure, encompassing various tech and IT parks, educational institutes, hospitals, shopping, recreational areas, and more. Some of the popular IT parks that are located in and around Thudiyalur are CHIL SEZ IT Park, Tidel Park Coimbatore IT Wing SEZ, and KCT Tech Park. The presence of these will increase employment opportunities meanwhile increasing the real estate demand in this area.
4. Kalapatti
Kalapatti is one of the popular residential areas in Coimbatore that offers a wide range of ready-to-move-in villas, from affordable to premium pricing. This area has various motor industries that offer a wide range of employment opportunities. Some of the popular tech parks in this area are CHIL SEZ, Global Tech Park, and Tidel Park. Some of the popular entertainment and shopping malls that are located within a radius of 10 km are Forza Mall, Fun Republic Mall, and Prozone Mall. Some of the top schools in Kalapatti are RJ Matriculation Higher Secondary School, Sri Padmavathi Ammal Nursery, and Damodharan Higher Secondary School. Kamala Prakasam Hospital, Maya Clinic, and Spaark Dental Centre are some of the top hospitals in Kalapatti.
5. Kovaipudur
Kovaipudur is one of the top localities in Coimbatore to buy residential villas. It has excellent connectivity to other areas in Coimbatore due to the presence of various key roads like Police Camp Road, Palakkad Main Road, and Mahatma Gandhi Road. This area provides opportunity for future growth in the real estate sector due to the availability and demand for villas. There is potential for more development in the region, including the construction of commercial buildings, healthcare facilities, and road upgrades. The top educational institutes and healthcare facilities in Kovaipudur are CS Academy, R K V Matriculation Higher Secondary School, CBM Arts and Science College, Sri Krishna Adithya College of Arts and Science, Priya Hospital, and Bethel Hospital.
Stamp Duty And Registration Charges in Coimbatore 2024
The stamp duty and registration charges to buy villas in Coimbatore in 2024 is listed,
Document Type | Stamp Duty Charges | Registration Charges |
Gift deed | 7% of the total property value | 4% of the total property value |
Sale deed | 7% of the total property value | 4% of the total property value |
Exchange deed | 7% of the total property value | 4% of the total property value |
Simple Mortgage | 1% of the total loan amount (maximum 40,000 INR) | 1% of the total loan amount (maximum 10,000 INR) |
Mortgage with possession | 4% of the loan amount | 1% of the total loan amount (maximum 2,00,000 INR) |
Sale Agreement | 20 INR | 1% of the advance or 1% of the total amount if possession is given |
Cancellation | 50 INR | 50 INR |
Agreement relating to building construction | 1% of the total construction value or the amount in the agreement (Higher amount is taken into consideration) | 1% of the total construction value or the amount in the agreement (Higher amount is taken into consideration) |
Partition among family members | 1% of the total market value (Maximum 25,000 INR for each share) | 1% of the total value (Maximum 4,000 INR for each share) |
Partition among non-family members | 4% of the total market value of property (for separated shares) | 1% of the total market value of property (for separated shares) |
General Power of Attorney to sell movable property (for other purposes) | 100 INR | 50 INR |
General Power of Attorney to sell immovable property (non-family members) | 100 INR | 10,000 INR |
General Power of Attorney to sell immovable property (family members have the power) | 100 INR | 1000 INR |
General Power of Attorney given for consideration | 4% of consideration | 1% of consideration or 10,000 INR (Higher value is considered) |
Partnership deed if the capital is within 500 INR | 50 INR | 1% of the invested capital |
Partnership deed (in other cases) | 300 INR | 1% of the invested capital |
Current Market and Price Trends for Villas in Coimbatore
In recent years, Coimbatore’s real estate market has grown tremendously due to the increased demand for housing. The impact of COVID-19 is also a significant factor in encouraging people to invest in villas, as it offers them more space and luxury. The top localities in Coimbatore to buy villas, with their approximate price and property value appreciation in the last decade, is listed.
Disclaimer: This data is purely based on the Market research
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