Guideline Value for Coffee Gudan Street (Ward 19)

Coffee Gudan Street (Ward 19) guideline value

The current guideline value of Coffee Gudan Street (Ward 19) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village and falls under the Mettupalayam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Coffee Gudan Street (Ward 19) has changed

Looking at the historical revisions, the guideline value for Coffee Gudan Street was Rs 800 per sq.ft in 2012, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 800 per sq.ft in 2023. The 2024 revision maintains this figure at Rs 800 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, the guideline value has remained the same at Rs 800 per sq.ft.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value is Rs 800 per sq.ft, which is equal to the 2024 figure for Coffee Gudan Street.

• Coimbatore mainroad (Ward 13): Rs 1,680 per sq.ft (2024)
• Coimbatore Mettupalayam Main Road (Ward 2): Rs 1,680 per sq.ft (2024)
• Cycle Shop Ramasamy Street (Ward 18): Rs 1,120 per sq.ft (2024)
• Devi Nagar: Rs 800 per sq.ft (2024)
• Chettiar street (Ward 11): Rs 1,120 per sq.ft (2024)
• Cheran Nagar: Rs 785 per sq.ft (2024)

Stamp duty and registration fee for property in Coffee Gudan Street (Ward 19)

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coffee Gudan Street (Ward 19)?

The Sub Registrar Office that covers Coffee Gudan Street (Ward 19) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Karamadai. It is used to determine the stamp duty and registration fees applicable during the buying or selling process, ensuring that the transaction is officially recorded at a value recognized by the government.

When you register a property, the guideline value will be considered to calculate the applicable charges. It is essential to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Coffee Gudan Street?

The current guideline value of Coffee Gudan Street (Ward 19) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Coffee Gudan Street has seen changes from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017 and back to Rs 800 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 8,00,000, the total charges would be Rs 72,000.

Which office handles property registrations for Coffee Gudan Street?

The Mettupalayam Sub Registrar Office handles property registrations for Coffee Gudan Street (Ward 19). It is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand.

What is the land classification for Coffee Gudan Street?

Coffee Gudan Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.