Guideline Value for Charmen Karuppannath thevar street

Charmen Karuppannath thevar street guideline value

The current guideline value of Charmen Karuppannath thevar street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Charmen Karuppannath thevar street has changed

Over the years, the guideline value for Charmen Karuppannath thevar street has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 150 per sq.ft. This increased dramatically to Rs 700 per sq.ft in 2012, marking a rise of 367%. However, the value then decreased to Rs 469 per sq.ft in 2017, showing a decline of 33%. The subsequent revision in 2023 raised the value to Rs 700 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 784 per sq.ft, reflecting a 12% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 423%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft, with a median value of Rs 784 per sq.ft. The guideline value for Charmen Karuppannath thevar street is equal to this median.

• Chikkana Annamalai thevar lane: Rs 784 per sq.ft (2024)
• Chinnakannan Street: Rs 784 per sq.ft (2024)
• Chinnapathevar Ayyar Street: Rs 560 per sq.ft (2024)
• Chinna Valaiyan Lane: Rs 784 per sq.ft (2024)
• Chinnkka Krishnath thevar lane: Rs 784 per sq.ft (2024)
• Chinnkka Rangasamy Thevar street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Charmen Karuppannath thevar street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value amounts to Rs 7,84,000. The stamp duty, charged at 7%, would be Rs 54,880, and the registration fee, charged at 2%, would be Rs 15,680. Therefore, the total cost for stamp duty and registration fees would be Rs 70,560. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Charmen Karuppannath thevar street?

The Sub Registrar Office that covers Charmen Karuppannath thevar street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sulur, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the stamp duty and registration fees applicable during the transaction.

When a buyer purchases a property, the guideline value ensures that the transaction is recorded accurately, reflecting the market conditions and property classification. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Charmen Karuppannath thevar street?

The current guideline value of Charmen Karuppannath thevar street is Rs 784 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, which is an overall increase of 423%.

What is the classification of Charmen Karuppannath thevar street?

Charmen Karuppannath thevar street is classified as Commercial Class I Type - II, which influences its guideline value.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Charmen Karuppannath thevar street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 784 per sq.ft, the total guideline value would be Rs 7,84,000, leading to specific fees based on that amount.