Guideline Value for Chandrasekarapillai theu

Chandrasekarapillai theu guideline value

The current guideline value of Chandrasekarapillai theu is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Kodumudi village, under the Kodumudi SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Chandrasekarapillai theu has changed

The guideline value for Chandrasekarapillai theu has seen several revisions over the years. The earliest recorded revision is from 2003, where the guideline value was Rs 87 per sq.ft. This figure increased to Rs 160 per sq.ft in 2007, marking a significant rise of 84%. In the following revision in 2012, the value rose sharply to Rs 600 per sq.ft, reflecting a 275% increase. However, in 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 600 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 600 per sq.ft, indicating no change from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 590%. The register does not have a figure for the year 2002 for this street.

Guideline values in Kodumudi

Kodumudi village has a total of 92 streets under the Kodumudi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing the guideline value of Chandrasekarapillai theu above this median.

• Chinnagounder theru: Rs 200 per sq.ft (2024)
• Cholakali palayam road: Rs 600 per sq.ft (2024)
• Dhasan veedu kaliyanna gounder theru: Rs 200 per sq.ft (2024)
• East Agraharam: Rs 600 per sq.ft (2024)
• Erode - karur road: Rs 600 per sq.ft (2024)
• Beemgounder street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrasekarapillai theu

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It's 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 Chandrasekarapillai theu?

The Sub Registrar Office covering Chandrasekarapillai theu is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodumudi. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate taxes from the sale. Therefore, it is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chandrasekarapillai theu?

The current guideline value of Chandrasekarapillai theu is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 87 per sq.ft in 2003 to Rs 600 per sq.ft in 2024, marking an overall increase of 590% over the years.

What is the land classification of Chandrasekarapillai theu?

Chandrasekarapillai theu is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Kodumudi Sub Registrar Office located?

The Kodumudi Sub Registrar Office is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How is stamp duty calculated for properties in Kodumudi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft incurs a total guideline value of Rs 6,00,000, leading to a stamp duty of Rs 42,000.