Guideline Value for CHENNIMALAI GOUNDAR STREET WARD-15

Chennimalai Goundar Street Ward-15 guideline value

The current guideline value of Chennimalai Goundar Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in West_komaralingam village and falls under the Kaniyur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Chennimalai Goundar Street Ward-15 has changed

The guideline value for Chennimalai Goundar Street Ward-15 has seen several revisions over the years. The 2007 revision recorded a value of Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012. However, there was a decrease to Rs 107 per sq.ft in the 2017 revision. The value remained unchanged at Rs 200 per sq.ft during both the 2023 and 2024 revisions.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Chennimalai Goundar Street Ward-15's 2024 figure is equal to this median.

• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)
• Chithamparanar Street Ward-15: Rs 200 per sq.ft (2024)
• Daivasigamani Street Ward-11: Rs 200 per sq.ft (2024)
• Dasskant Street Ward-15: Rs 200 per sq.ft (2024)
• Bharathiyar Street Ward-13: Rs 200 per sq.ft (2024)
• Gandi Street Ward-14: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chennimalai Goundar Street Ward-15

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, resulting in a total of Rs 18,000. 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 Chennimalai Goundar Street Ward-15?

The Sub Registrar Office that covers Chennimalai Goundar Street Ward-15 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 West_komaralingam

The guideline value is a crucial factor when registering property transactions in West_komaralingam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chennimalai Goundar Street Ward-15?

The current guideline value of Chennimalai Goundar Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in both 2023 and 2024. The highest recorded value was Rs 160 per sq.ft in 2012.

What is the land classification for Chennimalai Goundar Street Ward-15?

The land classification for Chennimalai Goundar Street Ward-15 is Residential Class III Type - V, indicating its suitability for residential development.

Where can I find the Kaniyur Sub Registrar Office?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would amount to Rs 14,000.