Guideline Value for Chandre Gounder Street (Ward 21)

Chandre Gounder Street (Ward 21) guideline value

The current guideline value of Chandre Gounder Street (Ward 21) 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, classified as Residential Class II Type - I.

How the guideline value of Chandre Gounder Street (Ward 21) has changed

Over the years, the guideline value of Chandre Gounder Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 1,040 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, reflecting a change of +4%. Prior to that, the 2017 revision recorded a guideline value of Rs 502 per sq.ft, which marked a significant increase of +99% to the 2023 figure. The 2012 revision had set the value at Rs 750 per sq.ft, which was a decrease of -33% from the 2017 figure.

There are no figures available for the revisions in 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, there are 536 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,040 per sq.ft, which is the same as the current guideline value for Chandre Gounder Street (Ward 21).

• Chandre Gounder Street (Ward 20): 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 21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandre Gounder Street (Ward 21)?

The Sub Registrar Office that covers Chandre Gounder Street (Ward 21) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal and financial processes. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Chandre Gounder Street (Ward 21)?

The current guideline value of Chandre Gounder Street (Ward 21) 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 1,040 per sq.ft in 2024, reflecting an overall increase of +39%. The most recent revision in 2024 saw an increase of +4% from the previous year's value of Rs 1,000 per sq.ft.

What is the land classification for Chandre Gounder Street?

Chandre Gounder Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chandre Gounder Street?

The Sub Registrar Office for Chandre Gounder Street (Ward 21) is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Kurichi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 72,800 at 7%.