Guideline Value for C. Subbaiya Gounder Nagar

C. Subbaiya Gounder Nagar guideline value

The current guideline value of C. Subbaiya Gounder Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of C. Subbaiya Gounder Nagar has changed

Over the years, the guideline value for C. Subbaiya Gounder Nagar has undergone several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this figure decreased to Rs 536 per sq.ft in 2017. The subsequent revisions saw the value rise to Rs 1,000 per sq.ft in both 2023 and 2024, reflecting a change of +87% from 2017 to 2023 and no change from 2023 to 2024. The register has no figure for this street for the years 2002 and 2003.

In summary, from the 2007 revision to the current 2024 revision, the overall increase in the guideline value is +400%. The 2012 to 2017 period saw a decrease of -33%, while the 2007 to 2012 period experienced a remarkable increase of +300%.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median value for these streets is Rs 1,000 per sq.ft, which is the same as the guideline value for C. Subbaiya Gounder Nagar.

• Cross Road: Rs 1,000 per sq.ft (2024)
• Corporation Office Back Side: Rs 1,000 per sq.ft (2024)
• Devanga Nagar: Rs 1,325 per sq.ft (2024)
• Co-operative Colony: Rs 1,325 per sq.ft (2024)
• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Devi Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in C. Subbaiya Gounder Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers C. Subbaiya Gounder Nagar?

The Sub Registrar Office that covers C. Subbaiya Gounder Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value for C. Subbaiya Gounder Nagar?

The current guideline value for C. Subbaiya Gounder Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of +400%.

What is the land classification for C. Subbaiya Gounder Nagar?

C. Subbaiya Gounder Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for C. Subbaiya Gounder Nagar?

The Vadavalli Sub Registrar Office covers C. Subbaiya Gounder Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,000.