Guideline Value for C P C AVANUE

C P C Avanue guideline value

The current guideline value of C P C Avanue is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in Kallikanaickenpalayam village under the Thondamuthur SRO and is classified as Residential Class I Type - I.

How the guideline value of C P C Avanue has changed

The guideline value for C P C Avanue has undergone several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it decreased to Rs 268 per sq.ft in 2017. The value then rose to Rs 400 per sq.ft in 2023 and further increased to Rs 450 per sq.ft in 2024.

Between the revisions, notable changes include a staggering increase of 567% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then saw a significant increase of 49% from 2017 to 2023, and a further rise of 13% from 2023 to 2024. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kallikanaickenpalayam

Kallikanaickenpalayam has a total of 51 streets under the Thondamuthur SRO, with 2024 guideline values ranging from Rs 225 to Rs 1,180 per sq.ft. The median guideline value in this village is Rs 250 per sq.ft, making the current value of C P C Avanue above this median.

• Dhanush Kodi Krishnasamy Nagar: Rs 225 per sq.ft (2024)
• BOYER St: Rs 225 per sq.ft (2024)
• Bose Garden: Rs 560 per sq.ft (2024)
• Gandhi Colony: Rs 225 per sq.ft (2024)
• Gandhi Street: Rs 280 per sq.ft (2024)
• Jaya Nagar: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in C P C Avanue

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty, charged at 7%, would amount to Rs 31,500, while the registration fee at 2% would be Rs 9,000. Together, the total fees would be Rs 40,500. It is important to note that the 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 C P C Avanue?

The Sub Registrar Office that covers C P C Avanue is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Kallikanaickenpalayam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the government receives revenue based on the established guideline values for different areas.

When buying or selling property, the guideline value serves as a benchmark for the transaction. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price. Conversely, if the guideline value is higher, the duty will be based on that amount.

Frequently asked questions

What is the current guideline value of C P C Avanue?

The current guideline value of C P C Avanue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 60 per sq.ft to Rs 450 per sq.ft in 2024, marking an overall increase of 650% over the years.

What is the land classification of C P C Avanue?

C P C Avanue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in C P C Avanue?

The stamp duty for property in C P C Avanue is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where is the Thondamuthur Sub Registrar Office located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone.