Guideline Value for CP Srinivasan Street

CP Srinivasan Street guideline value

The current guideline value of CP Srinivasan Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of CP Srinivasan Street has changed

The guideline value for CP Srinivasan Street has undergone several revisions over the years. The 2007 revision set the value at Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in the 2017 revision. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 shows an increase to Rs 1,120 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 82% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 12% increase, resulting in an overall increase of 104% from 2007 to 2024.

Guideline values in Sanganur.

Within Sanganur. village, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing CP Srinivasan Street at the median value for 2024.

• Cross cut Road (Ponney Gounder Road): Rs 10,080 per sq.ft (2024)
• Co-operative Colony (Rathnasabapathy Street): Rs 1,900 per sq.ft (2024)
• Dasappan Street: Rs 1,120 per sq.ft (2024)
• Dayal Street: Rs 1,120 per sq.ft (2024)
• Collector Sivakumar Street: Rs 1,120 per sq.ft (2024)
• CM Palanisamy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in CP Srinivasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers CP Srinivasan Street?

The Sub Registrar Office that covers CP Srinivasan Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

When buying or selling property in Sanganur., the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two values will be used to calculate the applicable duties and fees. This ensures that the registration process aligns with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of CP Srinivasan Street?

The current guideline value of CP Srinivasan Street 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 changed from Rs 550 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 104% over the years.

What is the land classification for CP Srinivasan Street?

CP Srinivasan Street is classified as Residential Class I Type - III.

Where is the Sub Registrar Office for CP Srinivasan Street located?

The Sub Registrar Office for CP Srinivasan Street is located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Sanganur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,20,000, the stamp duty would be calculated at 7% of this amount.