Guideline Value for COMMERCIAL PLACE

Commercial Place guideline value

The current guideline value for Commercial Place in Kondayampalayam village, under the Periyanayakkan Palayam SRO, is Rs 411 per sq.ft as per the 2023 revision. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Commercial Place has changed

In the 2017 revision, the guideline value was Rs 275 per sq.ft. This figure saw an increase to Rs 411 per sq.ft in the 2023 revision, marking a change of +49%. The revisions for the years 2002, 2003, 2007, 2012, and 2024 do not have any figures listed for this street.

To summarize, the only available guideline values for Commercial Place are Rs 275 per sq.ft in 2017 and Rs 411 per sq.ft in 2023. The substantial increase over this period reflects the changes documented in the guideline value register.

Guideline values in Kondayampalayam

Currently, there are no specific village figures available for Kondayampalayam. The street of Commercial Place is the only one mentioned under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Commercial Place

For a 1,000 sq.ft plot at the current guideline value of Rs 411 per sq.ft, the total guideline value is Rs 4,11,000. The stamp duty at 7% would be Rs 28,770, while the registration fee at 2% would amount to Rs 8,220. Together, the total cost for stamp duty and registration fee would be Rs 36,990. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Commercial Place?

The Sub Registrar Office that covers Commercial Place is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure that determines the minimum value at which a property can be registered. When buying or selling property in Kondayampalayam, the guideline value is crucial for calculating stamp duty and registration fees, ensuring that all transactions comply with local regulations.

During the registration process, the guideline value serves as a reference point for both buyers and sellers. It ensures that the property is valued appropriately, and the necessary fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Commercial Place?

The current guideline value for Commercial Place is Rs 411 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value for Commercial Place increased from Rs 275 per sq.ft in 2017 to Rs 411 per sq.ft in 2023, which is a change of +49%.

Are there any previous revisions for Commercial Place?

Yes, the revisions for Commercial Place include figures from 2017 and 2023. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024.

What is the registration office for Commercial Place?

The registration office for Commercial Place is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for properties in Commercial Place?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee would amount to Rs 36,990.