Guideline Value for CHENNA KARUPPANAN STREET WARD-5

Chenna Karuppanan Street Ward-5 guideline value

The current guideline value for Chenna Karuppanan Street Ward-5 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in East_komaralingam village, under the Kaniyur SRO, with a land classification of Residential Class III Type - V.

How the guideline value of Chenna Karuppanan Street Ward-5 has changed

The guideline value for Chenna Karuppanan Street Ward-5 has seen several revisions over the years. In the 2007 revision, the value was Rs 40 per sq.ft, which increased to Rs 160 per sq.ft in 2012, marking a significant rise of 300%. However, in the 2017 revision, the value decreased to Rs 107 per sq.ft, reflecting a drop of 33%. The 2023 revision maintained the value at Rs 200 per sq.ft, which remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 87%. The overall change from the 2007 revision to the 2024 revision shows a substantial increase of 400%, with the current value standing at Rs 200 per sq.ft.

Guideline values in East_komaralingam

In East_komaralingam, there are 56 streets under the Kaniyur SRO that carry a guideline value of Rs 200 per sq.ft for 2024, with the median also being Rs 200 per sq.ft. This places Chenna Karuppanan Street Ward-5 at the median value for the area.

• Chellapparummal Street Ward -5: Rs 200 per sq.ft (2024)
• East Agragaram Ward-4: Rs 200 per sq.ft (2024)
• Galani Street-1 Ward-9: Rs 200 per sq.ft (2024)
• Galani Street-2 Ward-9: Rs 200 per sq.ft (2024)
• Ganapathy Street Ward-1: Rs 200 per sq.ft (2024)
• Ganthi Street Ward-4: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chenna Karuppanan Street Ward-5

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chenna Karuppanan Street Ward-5?

The Sub Registrar Office that covers Chenna Karuppanan Street Ward-5 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in East_komaralingam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Chenna Karuppanan Street Ward-5?

The current guideline value for Chenna Karuppanan Street Ward-5 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 400% over the years.

What is the registration office for Chenna Karuppanan Street Ward-5?

The registration office for Chenna Karuppanan Street Ward-5 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203.

What is the stamp duty rate applicable?

The stamp duty rate applicable for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in East_komaralingam?

Yes, there are several other streets in East_komaralingam that also have a guideline value of Rs 200 per sq.ft for 2024, including Chellapparummal Street Ward -5 and East Agragaram Ward-4.