Guideline Value for CHENNIMALAI ROAD (FROM DHIVYA HOSPITAL)

Chennimalai Road (From Dhivya Hospital) guideline value

The current guideline value of Chennimalai Road (From Dhivya Hospital) is Rs 448 per sq.ft, effective from 1 July 2024. This road is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chennimalai Road (From Dhivya Hospital) has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, and further rose to Rs 448 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Looking at the overall changes from 2012 to 2024, the guideline value has increased by 12%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value is Rs 448 per sq.ft, which is the same as the current value for Chennimalai Road (From Dhivya Hospital).

• CHENNIMALAI ROAD (BUSTAND To DHIVYA HOSPITAL): Rs 1,120 per sq.ft (2024)
• Cheniyapa Nagar: Rs 334 per sq.ft (2024)
• Cheran Nagar: Rs 728 per sq.ft (2024)
• Chadhiram Veethi: Rs 728 per sq.ft (2024)
• Chinnasamy Aachiriar Veethi: Rs 1,120 per sq.ft (2024)
• Chinnaypudhur: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Chennimalai Road (From Dhivya Hospital)

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chennimalai Road (From Dhivya Hospital)?

The Sub Registrar Office that covers Chennimalai Road (From Dhivya Hospital) is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction, ensuring that both parties are aware of the financial implications involved.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Chennimalai Road (From Dhivya Hospital)?

The current guideline value of Chennimalai Road (From Dhivya Hospital) is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

What is the land classification for Chennimalai Road (From Dhivya Hospital)?

Chennimalai Road (From Dhivya Hospital) is classified as Residential Class II Type - I.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is the stamp duty calculated for properties in Kangeyam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 4,48,000, the stamp duty would be calculated at 7% of that value.