Guideline Value for BUS STAND TO ERIKARAI STARTING

Bus Stand To Erikarai Starting guideline value

The current guideline value for Bus Stand To Erikarai Starting is Rs 496 per sq.ft, effective from 1 July 2024. This area is located in Kunnathur village, which falls under the Kunnathur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Bus Stand To Erikarai Starting has changed

In the 2012 revision, the guideline value was Rs 495 per sq.ft. This figure saw a decrease to Rs 332 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 496 per sq.ft. The 2023 revision maintained this value, with no change noted in the 2024 revision, which also stands at Rs 496 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value has remained effectively unchanged, with a total increase of 0%. The fluctuations in the values reflect the historical changes in the guideline value over the years.

Guideline values in Kunnathur

Kunnathur village has 17 streets under the Kunnathur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 711 per sq.ft. The median value for these streets is Rs 496 per sq.ft, which is equal to the guideline value for Bus Stand To Erikarai Starting.

• Bus Stand To Pumping Station: Rs 496 per sq.ft (2024)
• Chithaandipalaya M: Rs 200 per sq.ft (2024)
• Eswaran Kovil Street: Rs 711 per sq.ft (2024)
• Gobi Road: Rs 200 per sq.ft (2024)
• Anbu Nagar: Rs 200 per sq.ft (2024)
• Ananda Puram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bus Stand To Erikarai Starting

For a 1,000 sq.ft plot at the current guideline value of Rs 496 per sq.ft, the total guideline value amounts to Rs 4,96,000. The stamp duty at 7% would be Rs 34,720, and the registration fee at 2% would be Rs 9,920, leading to a total of Rs 44,640 for these charges. 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 Bus Stand To Erikarai Starting?

The Sub Registrar Office that covers Bus Stand To Erikarai Starting is the Kunnathur Sub Registrar Office, located at No.348, Uthukuli Road, Kunnathur - 638103, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Kunnathur. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

At the time of registration, the guideline value is considered alongside the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees, which are essential components of the property transfer process.

Frequently asked questions

What is the current guideline value for Bus Stand To Erikarai Starting?

The current guideline value for Bus Stand To Erikarai Starting is Rs 496 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2012 to Rs 332 per sq.ft in 2017, then increased to Rs 496 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the stamp duty rates for property in Kunnathur?

The stamp duty rate for property transactions in Kunnathur is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where is the Kunnathur Sub Registrar Office located?

The Kunnathur Sub Registrar Office is located at No.348, Uthukuli Road, Kunnathur - 638103, Coimbatore registration zone.

How is the guideline value determined for properties in Kunnathur?

The guideline value for properties in Kunnathur is determined by the Registration Department's guideline value register. It reflects the value per square foot for different streets in the village, which is updated periodically.