Guideline Value for Church Street

Church Street guideline value

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

How the guideline value of Church Street has changed

The guideline value for Church Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which decreased by 33% to Rs 536 per sq.ft in the 2017 revision. The 2023 revision maintained the same value of Rs 1,000 per sq.ft, and the current 2024 revision also reflects this value, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%. The 2023 to 2024 change shows a stable value with no percentage increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Church Street.

• Church Street (Annapoorani Layout): Rs 1,000 per sq.ft (2024)
• Chozhan Nagar: Rs 1,000 per sq.ft (2024)
• Classic Garden: Rs 1,000 per sq.ft (2024)
• Classic Garden Extn.,: Rs 1,020 per sq.ft (2024)
• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Co-operative Colony: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Church Street?

The Church Street property falls under the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. 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 a crucial factor in the registration process when buying or selling property in Kavundampalayam. It determines the minimum value at which a property can be registered and is used for calculating stamp duty and registration fees.

When a property is sold, the sale price is compared to the guideline value, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church 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 to Rs 1,000 per sq.ft in 2023 and 2024, showing an overall increase of 25% from 2012 to 2024.

What is the land classification for Church Street?

Church Street is classified as Residential Class I Type - II under the Vadavalli SRO.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Church Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft incurs a total stamp duty of Rs 70,000 and a registration fee of Rs 20,000.