Guideline Value for Chellakumar palayam

Chellakumar palayam guideline value

The current guideline value of Chellakumar palayam is Rs 205 per sq.ft, effective from 1 July 2024. This area is located in Koogaloor village under the Gobichettipalayam Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Chellakumar palayam has changed

The guideline value for Chellakumar palayam has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 50 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, it then decreased to Rs 100 per sq.ft in 2017. The most recent revisions show a significant increase, with the value rising to Rs 200 per sq.ft in 2023 and further to Rs 205 per sq.ft in 2024, marking a 3% increase from the previous year.

In terms of percentage changes, the value increased by 200% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following that, there was a substantial increase of 100% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 310%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koogaloor

In Koogaloor, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value, with values ranging from Rs 205 to Rs 205 per sq.ft, and the median value is also Rs 205 per sq.ft. Chellakumar palayam's 2024 figure is equal to this median value.

• Chellappan Street: Rs 205 per sq.ft (2024)
• Chidhambaram Street: Rs 205 per sq.ft (2024)
• Dhasampalayam Natham: Rs 205 per sq.ft (2024)
• Easwaran Kovil Street: Rs 205 per sq.ft (2024)
• Eswaran Street: Rs 205 per sq.ft (2024)
• Bharathi Nagar: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Chellakumar palayam

For a 1,000 sq.ft plot at the current rate of Rs 205 per sq.ft, the guideline value amounts to Rs 2,05,000. The stamp duty at 7% would be Rs 14,350, and the registration fee at 2% would be Rs 4,100, totaling Rs 18,450. 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 Chellakumar palayam?

The Sub Registrar Office that covers Chellakumar palayam is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find more information on how to find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koogaloor. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance during the registration process.

Frequently asked questions

What is the current guideline value of Chellakumar palayam?

The current guideline value of Chellakumar palayam is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, with several revisions in between, including increases and decreases in value.

What is the land classification of Chellakumar palayam?

Chellakumar palayam is classified as Residential Special Type - III under the Gobichettipalayam Joint II SRO.

Where can I find the Sub Registrar Office for Chellakumar palayam?

The Sub Registrar Office for Chellakumar palayam is located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is stamp duty calculated for properties in Chellakumar palayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 2,05,000, the stamp duty would be Rs 14,350 at a rate of 7%.