Guideline Value for Bank Karuppanath thevar Nagar First street

Bank Karuppanath thevar Nagar First street guideline value

The current guideline value for Bank Karuppanath thevar Nagar First street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Bank Karuppanath thevar Nagar First street has changed

The guideline value for Bank Karuppanath thevar Nagar First street has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then dropped to Rs 469 per sq.ft in 2017. The value saw a substantial rise to Rs 700 per sq.ft in 2023, and it has now increased to Rs 784 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 423%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which is equal to the current guideline value of Bank Karuppanath thevar Nagar First street.

• Bank Karuppannath thevar Street: Rs 784 per sq.ft (2024)
• Bharathi Nagar: Rs 784 per sq.ft (2024)
• Balagurunadha Jothidar Street: Rs 784 per sq.ft (2024)
• Ayyavu Udayar Lane: Rs 560 per sq.ft (2024)
• Ayyavu Thevar Sandhu: Rs 784 per sq.ft (2024)
• Black Quarters Street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Bank Karuppanath thevar Nagar First street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value amounts to Rs 7,84,000. The stamp duty at 7% would be Rs 54,880, and the registration fee at 2% would be Rs 15,680, making the total cost for these fees Rs 70,560. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bank Karuppanath thevar Nagar First street?

The Sub Registrar Office that covers Bank Karuppanath thevar Nagar First street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sulur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Bank Karuppanath thevar Nagar First street?

The current guideline value of Bank Karuppanath thevar Nagar First street is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, reflecting an overall increase of 423% over the years.

What is the classification of Bank Karuppanath thevar Nagar First street?

Bank Karuppanath thevar Nagar First street is classified as Commercial Class I Type - II.

Where can I find the registration office for this street?

The registration office for Bank Karuppanath thevar Nagar First street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 7,84,000, the stamp duty would be Rs 54,880 at 7%.