Guideline Value for Church Road or Sabapathy Street

Church Road or Sabapathy Street guideline value

The current guideline value of Church Road or Sabapathy Street is Rs 2,240 per sq.ft, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Special Type - III.

How the guideline value of Church Road or Sabapathy Street has changed

The guideline value for Church Road or Sabapathy Street has undergone several revisions over the years. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,000 per sq.ft in 2023, and further increased to the current value of Rs 2,240 per sq.ft in 2024.

In terms of percentage changes, the value increased by 12% from 2023 to 2024, and by 49% from 2017 to 2023. The value saw a decrease of 33% from 2012 to 2017 and a remarkable increase of 264% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 307%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median of Rs 1,120 per sq.ft. The guideline value for Church Road or Sabapathy Street is above this median.

• CM Palanisamy Street: Rs 1,100 per sq.ft (2024)
• Chinthamani Nagar: Rs 1,900 per sq.ft (2024)
• Collector Sivakumar Street: Rs 1,120 per sq.ft (2024)
• Chinnathambi Street: Rs 1,100 per sq.ft (2024)
• Chinna Subbanna Gounder Street: Rs 1,900 per sq.ft (2024)
• Chinna Subbanna Gounder Layout: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Church Road or Sabapathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value amounts to Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Church Road or Sabapathy Street?

The Church Road or Sabapathy Street falls under the jurisdiction of the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when buying or selling property in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the necessary fees, which are mandatory for legal documentation. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Church Road or Sabapathy Street?

The current guideline value of Church Road or Sabapathy Street is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, reflecting an overall increase of 307% over this period.

What is the land classification for Church Road or Sabapathy Street?

Church Road or Sabapathy Street is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Church Road or Sabapathy Street?

The Sub Registrar Office covering Church Road or Sabapathy Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Sanganur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,40,000 would incur a stamp duty of Rs 1,56,800 at a rate of 7%.