Guideline Value for Chinnagounder theru

Chinnagounder theru guideline value

The current guideline value of Chinnagounder theru is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kodumudi village, which falls under the Kodumudi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinnagounder theru has changed

Over the years, the guideline value of Chinnagounder theru has seen several revisions. The earliest recorded figure is from 2003, where the guideline value was Rs 47 per sq.ft. This increased to Rs 125 per sq.ft in 2007, followed by a rise to Rs 200 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease of 33%, bringing the value down to Rs 134 per sq.ft. The value then increased significantly to Rs 200 per sq.ft in 2023, and it remains the same in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The guideline value has remained unchanged from 2023 to 2024, showing a 0% change. Overall, from the 2003 figure to the current 2024 figure, there has been an increase of 326%.

Guideline values in Kodumudi

Kodumudi village has a total of 92 streets under the Kodumudi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Chinnagounder theru's 2024 figure at this median level.

• Cholakali palayam road: Rs 600 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Dhasan veedu kaliyanna gounder theru: Rs 200 per sq.ft (2024)
• East Agraharam: Rs 600 per sq.ft (2024)
• Erode - karur road: Rs 600 per sq.ft (2024)
• Ganapathipalayam Main Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnagounder theru

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, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chinnagounder theru?

The Sub Registrar Office that covers Chinnagounder theru is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodumudi. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the established rates for the area.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps ensure transparency and adherence to local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Chinnagounder theru?

The current guideline value of Chinnagounder theru 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 several times, with the earliest recorded figure being Rs 47 per sq.ft in 2003, and it has increased to Rs 200 per sq.ft in 2024, reflecting an overall increase of 326% since 2003.

What is the land classification of Chinnagounder theru?

Chinnagounder theru is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Chinnagounder theru?

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Kodumudi Sub Registrar Office located?

The Kodumudi Sub Registrar Office is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.