Guideline Value for Chettiar Amma Kadu 2nd Street

Chettiar Amma Kadu 2nd Street guideline value

The current guideline value of Chettiar Amma Kadu 2nd 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 2nd Street has changed

The guideline value for Chettiar Amma Kadu 2nd Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

From the 2017 revision to the 2023 revision, the increase was 87%. Overall, from 2012 to 2024, the guideline value has increased by 25%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Chettiar Amma Kadu 2nd Street.

• Chettiar Amma Kadu 1st 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 2nd 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, together totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chettiar Amma Kadu 2nd Street?

The Chettiar Amma Kadu 2nd 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 information.

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

The guideline value is an essential factor during the registration process of property transactions. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property in Kavundampalayam, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction, including the costs associated with registration and any applicable duties.

Frequently asked questions

What is the current guideline value of Chettiar Amma Kadu 2nd Street?

The current guideline value of Chettiar Amma Kadu 2nd 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 changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for Chettiar Amma Kadu 2nd Street?

Chettiar Amma Kadu 2nd Street is classified as Residential Class I Type - II.

Which Sub Registrar Office is responsible for Chettiar Amma Kadu 2nd Street?

The Vadavalli Sub Registrar Office covers Chettiar Amma Kadu 2nd Street, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Chettiar Amma Kadu 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, resulting in a stamp duty of Rs 70,000.