Guideline Value for CHAIRMAN KALI GOUNDER STREET

Chairman Kali Gounder Street guideline value

The current guideline value of Chairman Kali Gounder Street is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village under the Kinathukkadavu SRO, classified as Residential Class I Type - I.

How the guideline value of Chairman Kali Gounder Street has changed

The guideline value for Chairman Kali Gounder Street has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 250 per sq.ft in 2023 and further rose to Rs 280 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, from the 2012 revision to the 2024 revision, there has been a 12% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value is Rs 280 per sq.ft, which is the same as the current value for Chairman Kali Gounder Street.

• Bright Garden: Rs 280 per sq.ft (2024)
• Chinnayan Chettiar Street: Rs 280 per sq.ft (2024)
• Coimbatore Telephone Employees Nagar: Rs 280 per sq.ft (2024)
• Devaraj Chettiar Street: Rs 280 per sq.ft (2024)
• Easwaran Koil Street: Rs 280 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Kali Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total to Rs 25,200. Please 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 details.

Which Sub Registrar Office covers Chairman Kali Gounder Street?

The Sub Registrar Office that covers Chairman Kali Gounder Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipalayam. It is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to determine the minimum sale price, ensuring that the transaction is registered at a fair value as per government regulations.

Frequently asked questions

What is the current guideline value of Chairman Kali Gounder Street?

The current guideline value of Chairman Kali Gounder Street is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Chairman Kali Gounder Street?

Chairman Kali Gounder Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 25,200.

Where is the Sub Registrar Office located?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.