Guideline Value for COURT STREET

Court Street guideline value

The current guideline value of Court Street in Kangeyam village, under the Kangeyam SRO, is Rs 616 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Court Street has changed

The guideline value for Court Street has undergone several revisions over the years. The 2012 revision set the value at Rs 550 per sq.ft, which was then followed by a decrease to Rs 368 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 550 per sq.ft, and the most recent 2024 revision has raised it further to Rs 616 per sq.ft. The register has no figure for Court Street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has risen by 12%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, placing Court Street's 2024 figure above this median.

• Covai Road After Agasthilingampalayam: Rs 336 per sq.ft (2024)
• Covai Road ( From Roundana To Webrigde): Rs 1,120 per sq.ft (2024)
• Covai Road ( From Webrigde To Agasthilingampalayam): Rs 448 per sq.ft (2024)
• COVAI ROAD ( III rd Street ): Rs 952 per sq.ft (2024)
• COVAI ROAD ( II st Street ): Rs 952 per sq.ft (2024)
• COVAI ROAD ( I st Street ): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Court Street

For a 1,000 sq.ft plot at the current guideline value of Rs 616 per sq.ft, the total guideline value would be Rs 6,16,000. The stamp duty at 7% would amount to Rs 43,120, and the registration fee at 2% would be Rs 12,320, bringing the total cost to Rs 55,440. 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 Court Street?

The Sub Registrar Office that covers Court Street is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kangeyam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations during the registration process. Ensuring that the property is valued correctly according to the guideline value can help avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Court Street?

The current guideline value of Court Street is Rs 616 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2012 to Rs 368 per sq.ft in 2017, then back to Rs 550 per sq.ft in 2023, and finally to Rs 616 per sq.ft in 2024.

What is the land classification for Court Street?

Court Street is classified under Residential Class I Type - III according to the guideline value register.

What are the stamp duty and registration fees for a property in Court Street?

For a property valued at Rs 6,16,000, the stamp duty would be Rs 43,120, and the registration fee would be Rs 12,320, totaling Rs 55,440.

Where can I find the Sub Registrar Office for Court Street?

The Sub Registrar Office for Court Street is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.