Guideline Value for CINEMA HALL STREET WARD -6

Cinema Hall Street Ward -6 guideline value

The current guideline value for Cinema Hall Street Ward -6 is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kaniyur village under the Kaniyur SRO, classified as Residential Class I Type - I.

How the guideline value of Cinema Hall Street Ward -6 has changed

Over the years, the guideline value for Cinema Hall Street Ward -6 has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 42 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 495% rise. However, it then decreased to Rs 167 per sq.ft in 2017, a drop of 33%. The value remained at Rs 250 per sq.ft from 2012 to 2023, and it has not changed from 2023 to 2024, maintaining the Rs 250 per sq.ft rate.

There are no figures available for the years 2002 and 2003 in the register for this street. The overall change from the 2007 revision to the 2024 revision is a remarkable increase of 495%.

Guideline values in Kaniyur

In Kaniyur village, there are 49 streets under the Kaniyur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Cinema Hall Street Ward -6 aligns perfectly with this median.

• Dharakurar Street-1 Ward-8: Rs 250 per sq.ft (2024)
• Gandhi Main Road Ward -14: Rs 200 per sq.ft (2024)
• Gandhi Street Ward -14: Rs 200 per sq.ft (2024)
• Gnadhi Street Ward -14: Rs 200 per sq.ft (2024)
• Bajanai Kovil Street-1 Ward -8: Rs 250 per sq.ft (2024)
• Kadar Sha Theru Ward -12: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Cinema Hall Street Ward -6

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cinema Hall Street Ward -6?

The Cinema Hall Street Ward -6 is covered by 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 Kaniyur

The guideline value plays a crucial role in property transactions in Kaniyur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the necessary fees, which are based on the higher of the guideline value or the actual sale price. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for Cinema Hall Street Ward -6?

The current guideline value for Cinema Hall Street Ward -6 is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant change occurring from 2007 to 2012, where it increased from Rs 42 to Rs 250 per sq.ft. The value remained at Rs 250 from 2012 to 2023 and has not changed from 2023 to 2024.

What is the land classification for Cinema Hall Street Ward -6?

Cinema Hall Street Ward -6 is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Cinema Hall Street Ward -6?

The Kaniyur Sub Registrar Office handles property registrations for Cinema Hall Street Ward -6, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203.