Guideline Value for CHENNATHEMBI GOUNDER ST

Chennathembi Gounder St guideline value

The current guideline value of Chennathembi Gounder St is Rs 335 per sq.ft, effective from 1 July 2024. This street is located in Vedapatti village under the Thondamuthur SRO, classified as Residential Class I Type - II.

How the guideline value of Chennathembi Gounder St has changed

The guideline value for Chennathembi Gounder St has seen several revisions over the years. In 2007, the value was Rs 75 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The value rose again to Rs 300 per sq.ft in 2023, before reaching the current rate of Rs 335 per sq.ft in 2024, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 347%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vedapatti

In Vedapatti, there are 48 streets under the Thondamuthur SRO that carry a guideline value for 2024, ranging from Rs 140 to Rs 1,790 per sq.ft, with a median value of Rs 220 per sq.ft. Chennathembi Gounder St's current guideline value is above this median.

• Devindra Street: Rs 335 per sq.ft (2024)
• Bhasiyam Naidu Lane: Rs 140 per sq.ft (2024)
• F.C.I.Colony: Rs 220 per sq.ft (2024)
• Ganapathy Pannadi St: Rs 220 per sq.ft (2024)
• Ayyavu Nager: Rs 335 per sq.ft (2024)
• Arul Kamachi Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Chennathembi Gounder St

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total cost for these fees to Rs 30,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chennathembi Gounder St?

The Sub Registrar Office that covers Chennathembi Gounder St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chennathembi Gounder St?

The current guideline value of Chennathembi Gounder St is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, marking an overall increase of 347% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 3,35,000, the stamp duty would be Rs 23,450, and the registration fee would be Rs 6,700, totaling Rs 30,150.

Which office handles property registrations for Chennathembi Gounder St?

The Thondamuthur Sub Registrar Office handles property registrations for Chennathembi Gounder St, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees. It ensures that the government receives appropriate revenue from property transactions.