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Guideline Value

Corporate

Guideline Value for COVAI ROAD ( FROM ROUNDANA TO WEBRIGDE)

₹1120/sq.ft.

The guideline value for Covai Road ( From Roundana To Webrigde) in Kangeyam village (Kangeyam SRO, Coimbatore zone) is Rs 1120 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 12% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Kangeyam

Village

Kangeyam

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1120 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.8, Taluk Office Campus, Kangeyam - 638701
04257-299475
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Covai Road ( From Roundana To Webrigde)

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Covai Road ( From Roundana To Webrigde) guideline value

The current guideline value of Covai Road ( From Roundana To Webrigde) is Rs 1,120 per sq.ft, effective from 1 July 2024. This road is located in Kangeyam village, under the Kangeyam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Covai Road ( From Roundana To Webrigde) has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure was then revised to Rs 670 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,120 per sq.ft in 2024, reflecting a 12% increase. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, there has been a 12% increase in the guideline value per sq.ft for this street.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO that carry a 2024 guideline value ranging from Rs 331 to Rs 1,120 per sq.ft, with a median value of Rs 448 per sq.ft. The guideline value of Covai Road ( From Roundana To Webrigde) is above this median.

Stamp duty and registration fee for property in Covai Road ( From Roundana To Webrigde)

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Covai Road ( From Roundana To Webrigde)?

The Sub Registrar Office that covers Covai Road ( From Roundana To Webrigde) 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 an important factor in the registration of property transactions in Kangeyam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Covai Road ( From Roundana To Webrigde)?

The current guideline value of Covai Road ( From Roundana To Webrigde) is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 1,120 per sq.ft in 2024, up from Rs 1,000 per sq.ft in 2023, and Rs 670 per sq.ft in 2017.

What is the land classification for Covai Road ( From Roundana To Webrigde)?

The land classification for Covai Road ( From Roundana To Webrigde) is Commercial Class I Type - I.

Where is the Kangeyam Sub Registrar Office located?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, which impacts the calculation of stamp duty and registration fees during property transactions in Kangeyam.