Guideline Value for COVAI ROAD ( FROM WEBRIGDE TO AGASTHILINGAMPALAYAM)

Covai Road ( From Webrigde To Agasthilingampalayam) guideline value

The current guideline value for Covai Road ( From Webrigde To Agasthilingampalayam) is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

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

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. Following this, in 2017, the value dropped to Rs 268 per sq.ft, marking a decrease of 33%. In 2023, the guideline value increased to Rs 400 per sq.ft, and in the latest revision for 2024, it has risen to Rs 448 per sq.ft, reflecting a 12% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, which is the same as the guideline value for Covai Road ( From Webrigde To Agasthilingampalayam).

• Covai Road ( From Roundana To Webrigde): Rs 1,120 per sq.ft (2024)
• COVAI ROAD ( III rd Street ): Rs 952 per sq.ft (2024)
• Covai Road After Agasthilingampalayam: Rs 336 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)
• Court Street: Rs 616 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, while the registration fee at 2% would be Rs 8,960, bringing the total to Rs 40,320. 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 Webrigde To Agasthilingampalayam)?

The Sub Registrar Office that covers Covai Road ( From Webrigde To Agasthilingampalayam) 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 when buying or selling property in Kangeyam. It serves as a benchmark for the minimum price at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Covai Road ( From Webrigde To Agasthilingampalayam)?

The current guideline value for Covai Road ( From Webrigde To Agasthilingampalayam) is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 448 per sq.ft in 2024.

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

This street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Kangeyam Sub Registrar Office?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 4,48,000, the total fees would be Rs 40,320.