Guideline Value for Co-operative Colony (Rathnasabapathy Street)

Co-operative Colony (Rathnasabapathy Street) guideline value

The current guideline value for Co-operative Colony (Rathnasabapathy Street) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Co-operative Colony (Rathnasabapathy Street) has changed

The guideline value for Co-operative Colony (Rathnasabapathy Street) has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 550 per sq.ft. It increased significantly to Rs 1,500 per sq.ft in 2012, marking a 173% rise. However, it then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 1,500 per sq.ft in 2023, followed by a substantial rise to Rs 1,900 per sq.ft in 2024, which is a 27% increase from the previous year.

In summary, the guideline value has increased from Rs 550 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, representing an overall increase of 245%. 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. The median guideline value for these streets is Rs 1,120 per sq.ft, which means Co-operative Colony (Rathnasabapathy Street) is above that median.

• Collector Sivakumar Street: Rs 1,120 per sq.ft (2024)
• CP Srinivasan Street: Rs 1,120 per sq.ft (2024)
• CM Palanisamy Street: Rs 1,100 per sq.ft (2024)
• Cross cut Road (Ponney Gounder Road): Rs 10,080 per sq.ft (2024)
• Church Road or Sabapathy Street: Rs 2,240 per sq.ft (2024)
• Dasappan Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Co-operative Colony (Rathnasabapathy Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, together totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Co-operative Colony (Rathnasabapathy Street)?

The Sub Registrar Office that covers Co-operative Colony (Rathnasabapathy Street) is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sanganur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Co-operative Colony (Rathnasabapathy Street)?

The current guideline value for Co-operative Colony (Rathnasabapathy Street) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 550 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, with various changes in between, including a drop in 2017 and a significant rise in 2024.

What is the stamp duty rate for property transactions in Co-operative Colony?

The stamp duty rate for property transactions in Co-operative Colony is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Co-operative Colony?

The Sub Registrar Office for Co-operative Colony is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the median guideline value for streets in Sanganur?

The median guideline value for streets in Sanganur is Rs 1,120 per sq.ft, while Co-operative Colony (Rathnasabapathy Street) has a guideline value above this median at Rs 1,900 per sq.ft.