Guideline Value for Cape Town Phase I

Cape Town Phase I guideline value

The current guideline value of Cape Town Phase I is Rs 1,020 per sq.ft, effective from 1 July 2024. This property is located in Thudiyalur village under the Periyanayakkan Palayam SRO and is classified as Residential Class I Type - I.

How the guideline value of Cape Town Phase I has changed

The guideline value for Cape Town Phase I has undergone several revisions over the years. In 2012, the value was set at Rs 550 per sq.ft, which then decreased to Rs 368 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value significantly increased by 172%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 saw a further increase of 2%, bringing the current value to Rs 1,020 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 85%.

Guideline values in Thudiyalur

Thudiyalur village has a total of 282 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,019 per sq.ft, placing Cape Town Phase I's 2024 figure slightly above this median.

• Cape Town: Rs 1,020 per sq.ft (2024)
• Bore Gowder Street: Rs 1,014 per sq.ft (2024)
• Bore Gowder Layout: Rs 1,014 per sq.ft (2024)
• Cheran Colony (Ward No.4): Rs 1,022 per sq.ft (2024)
• Cheran Colony (Ward No.5): Rs 1,022 per sq.ft (2024)
• Deepshila Garden: Rs 1,019 per sq.ft (2024)

Stamp duty and registration fee for property in Cape Town Phase I

For a 1,000 sq.ft plot at the current rate of Rs 1,020 per sq.ft, the guideline value amounts to Rs 10,20,000. The stamp duty, charged at 7%, would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, totaling Rs 91,800. 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 Cape Town Phase I?

The Cape Town Phase I property falls under the jurisdiction of the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Thudiyalur. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to determine the applicable charges at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are levied. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Cape Town Phase I?

The current guideline value of Cape Town Phase I is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 550 per sq.ft to Rs 1,020 per sq.ft in 2024, reflecting an overall increase of 85% over this period.

What are the other streets in Thudiyalur with their guideline values?

Other streets in Thudiyalur include Bore Gowder Street and Bore Gowder Layout at Rs 1,014 per sq.ft, and Cheran Colony (Ward No.4 and Ward No.5) at Rs 1,022 per sq.ft.

What is the registration fee for property in Cape Town Phase I?

The registration fee for property in Cape Town Phase I is calculated at 2% of the guideline value. For a property valued at Rs 10,20,000, the registration fee would be Rs 20,400.

Which office handles registrations for properties in Thudiyalur?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for properties in Thudiyalur. It is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.