Guideline Value for Chidamparam Street Polar 1192

Chidamparam Street Polar 1192 guideline value

The current guideline value of Chidamparam Street Polar 1192 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vellavavi Pudur village, under the Moolanur SRO, and is classified as Residential Class III Type - V.

How the guideline value of Chidamparam Street Polar 1192 has changed

Over the years, the guideline value for Chidamparam Street Polar 1192 has undergone several revisions. The 2012 revision set the value at Rs 60 per sq.ft, which increased to Rs 40 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 400%, bringing the value to Rs 200 per sq.ft. The 2023 revision also maintained this value for the 2024 revision, resulting in no change between these two years.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 233%.

Guideline values in Vellavavi Pudur

In Vellavavi Pudur, there are 23 streets under the Moolanur SRO that carry a 2024 guideline value, with figures ranging from Rs 200 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the 2024 figure for Chidamparam Street Polar 1192.

• Chinnakkampatti HarijanaStreet 1811: Rs 200 per sq.ft (2024)
• Ganapadhipalayam 1137/B6: Rs 200 per sq.ft (2024)
• Aruljodhinagar 547,1461/1: Rs 200 per sq.ft (2024)
• Kasalingampalayam 1470: Rs 200 per sq.ft (2024)
• Kasalingampalayam HarijanaStreet 1465: Rs 200 per sq.ft (2024)
• Kurinjinagar 548/1: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chidamparam Street Polar 1192

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, together totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chidamparam Street Polar 1192?

The Sub Registrar Office that covers Chidamparam Street Polar 1192 is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vellavavi Pudur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chidamparam Street Polar 1192?

The current guideline value of Chidamparam Street Polar 1192 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 40 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Chidamparam Street Polar 1192?

Chidamparam Street Polar 1192 is classified as Residential Class III Type - V.

Where is the Sub Registrar Office for this street located?

The Moolanur Sub Registrar Office is located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.