Guideline Value for CAPENEEM LANDS EXTN

Capeneem Lands Extn guideline value

The current guideline value of Capeneem Lands Extn is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchicorpration village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Capeneem Lands Extn has changed

The guideline value for Capeneem Lands Extn has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 233%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw the guideline value rise again to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,120 per sq.ft, reflecting a 12% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft, with the median being Rs 1,003 per sq.ft. Capeneem Lands Extn's 2024 figure is above this median.

• Casa Grande (385/2): Rs 1,670 per sq.ft (2024)
• Charkarai Chettiar Street: Rs 1,120 per sq.ft (2024)
• Cheran Annex: Rs 1,002 per sq.ft (2024)
• Chettiar Thaneer Pandhal,Vengadasamy Nagar: Rs 1,120 per sq.ft (2024)
• Chettiarthanneerpanthl: Rs 1,670 per sq.ft (2024)
• Dashkantveethi: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Capeneem Lands Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Capeneem Lands Extn?

The Sub Registrar Office that covers Capeneem Lands Extn is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Villankuruchicorpration. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that both the buyer and seller are aware of the official valuation of the property, which is crucial for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Capeneem Lands Extn?

The current guideline value of Capeneem Lands Extn is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 300 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Capeneem Lands Extn?

Capeneem Lands Extn is classified as Residential Class I Type - II.

Where can I find more information about stamp duty and registration fees?

You can use the stamp duty and registration fee calculator for detailed information on the applicable fees.

Which office handles registrations for Capeneem Lands Extn?

The Ganapathy Sub Registrar Office handles registrations for Capeneem Lands Extn, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.