Guideline Value for COVAI ROAD ( II st Street )

COVAI ROAD ( II st Street ) guideline value

The current guideline value for COVAI ROAD ( II st Street ) in Kangeyam village, under the Kangeyam SRO, is Rs 952 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of COVAI ROAD ( II st Street ) has changed

The guideline value for COVAI ROAD ( II st Street ) has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was followed by a decrease to Rs 569 per sq.ft in 2017. However, the value significantly increased to Rs 850 per sq.ft in 2023, and then rose to Rs 952 per sq.ft in 2024, marking a 12% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a 49% increase. The overall change from 2012 to 2024 shows a 12% increase. Notably, the register has no figures for this street for the years 2002, 2003, and 2007.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO with a 2024 guideline value 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 COVAI ROAD ( II st Street ) above this median.

• COVAI ROAD ( III rd Street ): Rs 952 per sq.ft (2024)
• COVAI ROAD ( I st Street ): Rs 1,120 per sq.ft (2024)
• Covai Road ( From Webrigde To Agasthilingampalayam): Rs 448 per sq.ft (2024)
• Covai Road ( From Roundana To Webrigde): Rs 1,120 per sq.ft (2024)
• Covai Road After Agasthilingampalayam: Rs 336 per sq.ft (2024)
• Court Street: Rs 616 per sq.ft (2024)

Stamp duty and registration fee for property in COVAI ROAD ( II st Street )

For a 1,000 sq.ft plot at the current guideline value of Rs 952 per sq.ft, the total guideline value amounts to Rs 9,52,000. The stamp duty at 7% would be Rs 66,640, and the registration fee at 2% would be Rs 19,040, bringing the total fees to Rs 85,680. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers COVAI ROAD ( II st Street )?

The COVAI ROAD ( II st Street ) falls under the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more details.

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. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with local regulations.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction, ensuring that the property is registered at a value that reflects current market conditions. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for COVAI ROAD ( II st Street )?

The current guideline value for COVAI ROAD ( II st Street ) is Rs 952 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 952 per sq.ft in 2024.

What is the land classification for COVAI ROAD ( II st Street )?

COVAI ROAD ( II st Street ) is classified as Residential Class I Type - I.

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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 9,52,000 would incur a stamp duty of Rs 66,640 at the rate of 7%.