Guideline Value for CHELLAPPAGOUNDER LAYOUT-1

Chellappagounder Layout-1 guideline value

The current guideline value of Chellappagounder Layout-1 is Rs 1,120 per sq.ft, effective from 1 July 2024. This property is located in Ganapathy village, under the Ganapathy SRO, classified as Residential Class I Type - II.

How the guideline value of Chellappagounder Layout-1 has changed

The guideline value for Chellappagounder Layout-1 has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 450 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, a rise of 122%. However, it then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. Following this, the value surged to Rs 1,000 per sq.ft in 2023, reflecting a significant increase of 49%. The most recent revision in 2024 set the value at Rs 1,120 per sq.ft, which is a 12% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 149%.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that have a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the current guideline value of Chellappagounder Layout-1.

• Chekkan Thottam: Rs 1,120 per sq.ft (2024)
• Cheran Street: Rs 1,008 per sq.ft (2024)
• Buddhar Street, Ranganathar Street: Rs 1,400 per sq.ft (2024)
• Chinnasamy Nagar: Rs 1,400 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Chellappagounder Layout-1

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 be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. 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 details.

Which Sub Registrar Office covers Chellappagounder Layout-1?

The Sub Registrar Office covering Chellappagounder Layout-1 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 Ganapathy

The guideline value is a crucial factor when registering a property in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the official value of the property for taxation purposes. This value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Chellappagounder Layout-1?

The current guideline value of Chellappagounder Layout-1 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 changed several times, starting from Rs 450 per sq.ft in 2007, reaching Rs 1,000 in 2012, dropping to Rs 670 in 2017, then increasing to Rs 1,000 in 2023, and finally to Rs 1,120 in 2024.

What is the land classification of Chellappagounder Layout-1?

Chellappagounder Layout-1 is classified as Residential Class I Type - II.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for properties in Chellappagounder Layout-1?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 78,400.