Guideline Value for Cape Town

Cape Town guideline value

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

How the guideline value of Cape Town has changed

The guideline value for Cape Town has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 550 per sq.ft. This increased to Rs 368 per sq.ft in 2017, then saw a significant rise to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,020 per sq.ft, marking a 2% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it surged by 172%. Overall, the guideline value has increased by 85% from 2012 to 2024. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing Cape Town's 2024 figure above that median.

• Cape Town Phase I: 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

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

The Sub Registrar Office that covers Cape Town is 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 crucial factor during the registration of property transactions in Thudiyalur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid upon the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which is used by the authorities to calculate the applicable taxes. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Cape Town?

The current guideline value for Cape Town is Rs 1,020 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 2012 to Rs 1,020 per sq.ft in 2024, with various increases and a decrease in between. The most significant change was from 2017 to 2023, where it increased by 172%.

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

Other streets in Thudiyalur include Cape Town Phase I at Rs 1,020 per sq.ft, Bore Gowder Street at Rs 1,014 per sq.ft, and Cheran Colony (Ward No.4) at Rs 1,022 per sq.ft, among others.

How is the stamp duty calculated for property in Cape Town?

The stamp duty for property in Cape Town is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,20,000, the stamp duty would be Rs 71,400.

Where can I find the Sub Registrar Office for Cape Town?

The Sub Registrar Office for Cape Town is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can also find your SRO online.