Guideline Value for CM Palanisamy Street

CM Palanisamy Street guideline value

The current guideline value of CM Palanisamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of CM Palanisamy Street has changed

The guideline value for CM Palanisamy Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. Following this, the value rose to Rs 1,000 per sq.ft in 2023, and most recently, it has been set at Rs 1,100 per sq.ft in the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

Notably, the changes between the revisions show a substantial increase from 2007 to 2024, amounting to a total of +450%. The increase from 2017 to 2023 was +87%, while the value decreased by -33% from 2012 to 2017. The most significant rise occurred between 2007 and 2012, with an increase of +300%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing CM Palanisamy Street's 2024 figure below that median.

• Collector Sivakumar Street: Rs 1,120 per sq.ft (2024)
• Church Road or Sabapathy Street: Rs 2,240 per sq.ft (2024)
• Co-operative Colony (Rathnasabapathy Street): Rs 1,900 per sq.ft (2024)
• CP Srinivasan Street: Rs 1,120 per sq.ft (2024)
• Chinthamani Nagar: Rs 1,900 per sq.ft (2024)
• Cross cut Road (Ponney Gounder Road): Rs 10,080 per sq.ft (2024)

Stamp duty and registration fee for property in CM Palanisamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to 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 CM Palanisamy Street?

The Sub Registrar Office that covers CM Palanisamy Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the actual sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of CM Palanisamy Street?

The current guideline value of CM Palanisamy Street is Rs 1,100 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 200 per sq.ft in 2007, increasing to Rs 800 in 2012, then decreasing to Rs 536 in 2017, and rising to Rs 1,000 in 2023, before reaching Rs 1,100 in 2024.

What is the land classification for CM Palanisamy Street?

CM Palanisamy Street is classified as Residential Class II 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 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for CM Palanisamy Street?

The Sub Registrar Office for CM Palanisamy Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore.