Guideline Value for Chenguttai Road (47/7,50/8,87/3)

Chenguttai Road (47/7,50/8,87/3) guideline value

The current guideline value of Chenguttai Road (47/7,50/8,87/3) is Rs 275 per sq.ft, effective from 1 July 2024. This road is located in Aapakudal village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chenguttai Road (47/7,50/8,87/3) has changed

The guideline value of Chenguttai Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 30 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012, marking a rise of 733%. However, the value then decreased to Rs 167 per sq.ft in the 2017 revision, a decline of 33%. The value remained at Rs 275 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 817%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Aapakudal

In Aapakudal, there are 51 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 508 per sq.ft. The median value is Rs 275 per sq.ft, which is equal to the guideline value of Chenguttai Road.

• Colony Veethi (337/3): Rs 275 per sq.ft (2024)
• C.S.I. street (414): Rs 200 per sq.ft (2024)
• Elango Street(11/2): Rs 300 per sq.ft (2024)
• Bhavani Road to Sathy Road Anthiyur Road Four Road (14/8,9,10,11,12,13,15,27/12,16,17,21,22,28/6,7,12,13,19,20,51/1 to 8,56/1 to 15,60/1,2,3,4,9): Rs 400 per sq.ft (2024)
• Bhavani Road southside (269/1,336/3A,3B,336/6A,6B,369/1): Rs 400 per sq.ft (2024)
• Bharathi street (11/2,3): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chenguttai Road (47/7,50/8,87/3)

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value would be Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chenguttai Road (47/7,50/8,87/3)?

The Chenguttai Road (47/7,50/8,87/3) falls under the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Aapakudal. It serves as a benchmark for assessing the value of property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value will determine the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Chenguttai Road?

The current guideline value of Chenguttai Road (47/7,50/8,87/3) is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 30 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, marking an overall increase of 817% over the years.

What is the land classification for Chenguttai Road?

The land classification for Chenguttai Road is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Chenguttai Road?

The registration office for Chenguttai Road is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is stamp duty calculated for properties in Aapakudal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 at a rate of 7%.