Guideline Value for CHETTIAR THANEER PANDHAL,VENGADASAMY NAGAR

Chettiar Thaneer Pandhal,Vengadasamy Nagar guideline value

The current guideline value of Chettiar Thaneer Pandhal, Vengadasamy Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area falls under the Villankuruchicorpration village and is classified as Residential Class I Type - II. The relevant Sub Registrar Office for this area is the Ganapathy SRO.

How the guideline value of Chettiar Thaneer Pandhal,Vengadasamy Nagar has changed

The guideline value for Chettiar Thaneer Pandhal underwent several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,120 per sq.ft from the 2024 revision.

Between the revisions, notable changes include a 233% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median value in this area is Rs 1,003 per sq.ft, making Chettiar Thaneer Pandhal's 2024 figure above the median.

• Chettiarthanneerpanthl: Rs 1,670 per sq.ft (2024)
• Cheran Annex: Rs 1,002 per sq.ft (2024)
• Charkarai Chettiar Street: Rs 1,120 per sq.ft (2024)
• Casa Grande (385/2): Rs 1,670 per sq.ft (2024)
• Capeneem Lands Extn: Rs 1,120 per sq.ft (2024)
• Dashkantveethi: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiar Thaneer Pandhal,Vengadasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to 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 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 Chettiar Thaneer Pandhal,Vengadasamy Nagar?

The Chettiar Thaneer Pandhal, Vengadasamy Nagar area is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. To find your SRO, you can visit find your SRO.

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

The guideline value is used as a benchmark for calculating stamp duty and registration fees when buying or selling property. It ensures that the government receives the appropriate revenue from property transactions based on the established values for different areas.

When a buyer or seller engages in a property transaction, the guideline value helps in determining the minimum value on which the stamp duty is calculated. This process is crucial for maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Chettiar Thaneer Pandhal?

The current guideline value of Chettiar Thaneer Pandhal 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 significantly, starting from Rs 300 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 273% from 2007 to 2024.

What is the land classification for Chettiar Thaneer Pandhal?

Chettiar Thaneer Pandhal is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Chettiar Thaneer Pandhal?

The registration office for Chettiar Thaneer Pandhal is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

How is 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 11,20,000, the stamp duty would be Rs 78,400 at a rate of 7%.