Guideline Value for Chandre Gounder Street (Ward 20)

Chandre Gounder Street (Ward 20) guideline value

The current guideline value of Chandre Gounder Street (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chandre Gounder Street (Ward 20) has changed

The guideline value for Chandre Gounder Street has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017. The value then increased significantly to Rs 1,000 per sq.ft in 2023, marking a 99% rise from the 2017 figure. The most recent revision in 2024 set the value at Rs 1,040 per sq.ft, a 4% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Kurichi

In Kurichi village, there are a total of 536 streets under the Coimbatore North Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, which is the same as the 2024 figure for Chandre Gounder Street (Ward 20).

• Chandre Gounder Street (Ward 21): Rs 1,040 per sq.ft (2024)
• Chathiram Street: Rs 1,055 per sq.ft (2024)
• Ceylon Colony (Ward 14): Rs 1,030 per sq.ft (2024)
• Castles Eden Enclave: Rs 1,035 per sq.ft (2024)
• Carmel Nagar (Ward 15): Rs 1,035 per sq.ft (2024)
• Bungalow (R.M.T) Street: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Chandre Gounder Street (Ward 20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total charges to Rs 93,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chandre Gounder Street (Ward 20)?

The Sub Registrar Office that covers Chandre Gounder Street (Ward 20) is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.

For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kurichi. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

When registering a property, buyers should be aware that the guideline value is the minimum value considered for taxation purposes. Therefore, if the sale price exceeds the guideline value, the stamp duty will be calculated based on the higher amount.

Frequently asked questions

What is the current guideline value of Chandre Gounder Street (Ward 20)?

The current guideline value of Chandre Gounder Street (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,040 per sq.ft in 2024.

What is the land classification for Chandre Gounder Street (Ward 20)?

The land classification for Chandre Gounder Street (Ward 20) is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Chandre Gounder Street (Ward 20)?

For a property valued at Rs 10,40,000, the stamp duty would be Rs 72,800 and the registration fee would be Rs 20,800, totaling Rs 93,600.

Which office handles the registration for Chandre Gounder Street (Ward 20)?

The Coimbatore North Joint 1 Sub Registrar Office handles the registration for Chandre Gounder Street (Ward 20), located at District Registrar Office, Syryan Church Road, Coimbatore -641001.