Guideline Value for Bank Karuppannath thevar Street

Bank Karuppannath thevar Street guideline value

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

How the guideline value of Bank Karuppannath thevar Street has changed

The guideline value for Bank Karuppannath thevar 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 dropped to Rs 469 per sq.ft in 2017. The value then saw a substantial rise to Rs 700 per sq.ft in 2023, before reaching the current figure of Rs 784 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 12%. Notably, the overall change from the 2007 figure to the 2024 figure represents an increase of 423%. The guideline value register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur, 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 2024 figure for Bank Karuppannath thevar Street.

• Bank Karuppannath thevar Nagar First 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 Karuppannath thevar Street

For a 1,000 sq.ft plot at the current rate of Rs 784 per sq.ft, the 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 Rs 70,560. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bank Karuppannath thevar Street?

The Sub Registrar Office that covers Bank Karuppannath thevar 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 plays a crucial role when buying or selling property in Sulur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is set by the government and is periodically revised to reflect changes in the market.

When a property transaction occurs, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand how this value affects their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Bank Karuppannath thevar Street?

The current guideline value of Bank Karuppannath thevar 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 land classification for Bank Karuppannath thevar Street?

Bank Karuppannath thevar Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bank Karuppannath thevar 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 Sulur?

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