Guideline Value for Chettiar Amma Kadu 1st Street

Chettiar Amma Kadu 1st Street guideline value

The current guideline value of Chettiar Amma Kadu 1st Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Chettiar Amma Kadu 1st Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure increased to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, reflecting an increase of 87%. The 2023 revision maintained the same guideline value of Rs 1,000 per sq.ft, which has carried over into the 2024 revision, showing no percentage change.

There are no figures available for the years 2002, 2003, and 2007 in the register for Chettiar Amma Kadu 1st Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. Chettiar Amma Kadu 1st Street's guideline value aligns with this median.

• Chettiar Amma Kadu 2nd Street: Rs 1,000 per sq.ft (2024)
• Cheran Nagar Backside: Rs 1,000 per sq.ft (2024)
• Cheran Nagar A,B,C Extension: Rs 1,000 per sq.ft (2024)
• Cheran Nagar: Rs 1,325 per sq.ft (2024)
• Chinnammal Layout: Rs 1,015 per sq.ft (2024)
• Brindhavan Nagar(126): Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiar Amma Kadu 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chettiar Amma Kadu 1st Street?

The Chettiar Amma Kadu 1st Street falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kavundampalayam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chettiar Amma Kadu 1st Street?

The current guideline value of Chettiar Amma Kadu 1st Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 800 in 2012 to Rs 1,000 in 2023 and 2024, with a notable increase of 87% from 2017 to 2023.

What is the land classification for Chettiar Amma Kadu 1st Street?

Chettiar Amma Kadu 1st Street is classified as Residential Class I Type - II.

Where can I find the registration office for this street?

The registration office covering Chettiar Amma Kadu 1st Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 10,00,000 would incur a total of Rs 90,000 in fees.