Guideline Value for CHADHIRAM VEETHI

Chadhiram Veethi guideline value

The current guideline value for Chadhiram Veethi is Rs 728 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Chadhiram Veethi has changed

The guideline value for Chadhiram Veethi has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 728 per sq.ft, an increase from Rs 650 per sq.ft in the 2023 revision, reflecting a change of +12%. Looking further back, the 2017 revision recorded a value of Rs 435 per sq.ft, marking a significant increase of +49% by 2023. The 2012 revision also had a value of Rs 650 per sq.ft, which was a decrease of -33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for Chadhiram Veethi. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +12%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft as of 2024. The median guideline value in this village is Rs 448 per sq.ft, placing Chadhiram Veethi's 2024 figure above this median.

• Cheniyapa Nagar: Rs 334 per sq.ft (2024)
• CHENNIMALAI ROAD (BUSTAND To DHIVYA HOSPITAL): Rs 1,120 per sq.ft (2024)
• Chennimalai Road (From Dhivya Hospital): Rs 448 per sq.ft (2024)
• Cheran Nagar: Rs 728 per sq.ft (2024)
• Chinnasamy Aachiriar Veethi: Rs 1,120 per sq.ft (2024)
• Chinnaypudhur: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Chadhiram Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 728 per sq.ft, the total guideline value would be Rs 7,28,000. The stamp duty at 7% would amount to Rs 50,960, and the registration fee at 2% would be Rs 14,560, bringing the total cost for these fees to Rs 65,520. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chadhiram Veethi?

The Sub Registrar Office that covers Chadhiram Veethi is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees payable, which are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation of properties. This system helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chadhiram Veethi?

The current guideline value of Chadhiram Veethi is Rs 728 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2023 to Rs 728 per sq.ft in 2024, a change of +12%. From 2017 to 2023, it increased by +49% from Rs 435 per sq.ft.

What is the land classification of Chadhiram Veethi?

Chadhiram Veethi is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is the stamp duty calculated for properties in Chadhiram Veethi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,28,000, the stamp duty at 7% would be Rs 50,960.