Guideline Value for ACE KRISHNA VEENA

Ace Krishna Veena guideline value

The current guideline value of Ace Krishna Veena in Chettipalayam village is Rs 703 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Ace Krishna Veena has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure increased to Rs 234 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 200%, bringing it to Rs 703 per sq.ft. The 2023 revision maintained this value, with no change to the guideline value noted for the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 703 per sq.ft, which is equal to the current guideline value for Ace Krishna Veena.

• Alamelu Nagar: Rs 700 per sq.ft (2024)
• Angeripalayam: Rs 704 per sq.ft (2024)
• Angeripalayam Main Road: Rs 704 per sq.ft (2024)
• Anna Nagar West: Rs 703 per sq.ft (2024)
• Annpoorna Layout: Rs 700 per sq.ft (2024)
• A P R Nagar: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Ace Krishna Veena

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, bringing the total fees to Rs 63,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ace Krishna Veena?

The Ace Krishna Veena property is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chettipalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipalayam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the guideline value is used to determine the applicable fees, ensuring that the transaction is officially recognized and recorded. This process helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ace Krishna Veena?

The current guideline value of Ace Krishna Veena is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, representing an overall increase of 101% from 2012 to 2024.

What is the registration office for Ace Krishna Veena?

The registration office for Ace Krishna Veena is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What are the stamp duty and registration fees for property in Ace Krishna Veena?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,270.

How is the guideline value determined for properties in Chettipalayam?

The guideline value is determined based on various factors, including land classification and market conditions. In Chettipalayam, the guideline values for 2024 range from Rs 700 to Rs 1,000 per sq.ft, with a median value of Rs 703 per sq.ft.