Guideline Value for COIMBATORE TELEPHONE EMPLOYEES NAGAR

Coimbatore Telephone Employees Nagar guideline value

The current guideline value for Coimbatore Telephone Employees Nagar is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Chettipalayam village, under the Kinathukkadavu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Coimbatore Telephone Employees Nagar has changed

The guideline value register for Coimbatore Telephone Employees Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 280 per sq.ft.

As there are no figures available for the previous years, the only change noted is the establishment of the current guideline value in 2024. This figure is consistent with the median guideline value for other streets in Chettipalayam.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value for these streets is Rs 280 per sq.ft, which is equal to the current guideline value for Coimbatore Telephone Employees Nagar.

• Chinnayan Chettiar Street: Rs 280 per sq.ft (2024)
• Devaraj Chettiar Street: Rs 280 per sq.ft (2024)
• Chairman Kali Gounder Street: Rs 280 per sq.ft (2024)
• Easwaran Koil Street: Rs 280 per sq.ft (2024)
• Bright Garden: Rs 280 per sq.ft (2024)
• Elappathi Mandapam Street: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Coimbatore Telephone Employees Nagar

For a 1,000 sq.ft plot at the current rate of Rs 280 per sq.ft, the guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, totaling Rs 25,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Coimbatore Telephone Employees Nagar?

The Sub Registrar Office that covers Coimbatore Telephone Employees Nagar is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Chettipalayam. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is important to note that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring fair taxation during the transaction.

Frequently asked questions

What is the current guideline value for Coimbatore Telephone Employees Nagar?

The current guideline value for Coimbatore Telephone Employees Nagar is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Coimbatore Telephone Employees Nagar. The only change noted is the establishment of the current guideline value in 2024.

What is the land classification for Coimbatore Telephone Employees Nagar?

Coimbatore Telephone Employees Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total of Rs 25,200 in fees.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Coimbatore Telephone Employees Nagar is located at 151 Coimbatore To Pollachi Main Road, Kinathukkadavu- 642109, Coimbatore registration zone. You can find your SRO using the provided link.