Guideline Value for Collector Sivakumar Street

Collector Sivakumar Street guideline value

The current guideline value of Collector Sivakumar Street is Rs 1,120 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 - III.

How the guideline value of Collector Sivakumar Street has changed

The guideline value for Collector Sivakumar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 550 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, but then decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,120 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, there was a 12% increase. Overall, from 2007 to 2024, the guideline value has increased by 104%. 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, with guideline values 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 matches the current value of Collector Sivakumar Street.

• CM Palanisamy Street: Rs 1,100 per sq.ft (2024)
• Co-operative Colony (Rathnasabapathy Street): Rs 1,900 per sq.ft (2024)
• Church Road or Sabapathy Street: Rs 2,240 per sq.ft (2024)
• CP Srinivasan Street: Rs 1,120 per sq.ft (2024)
• Cross cut Road (Ponney Gounder Road): Rs 10,080 per sq.ft (2024)
• Chinthamani Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Collector Sivakumar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, making the total fees Rs 1,00,800. It is important to note that 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 Collector Sivakumar Street?

The Collector Sivakumar Street falls under the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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 stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with the registration requirements. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Collector Sivakumar Street?

The current guideline value of Collector Sivakumar Street is Rs 1,120 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 1,120 per sq.ft in 2024, showing an overall increase of 104% over this period.

What are the other streets in Sanganur with their guideline values?

Other streets in Sanganur have varying guideline values, with the median being Rs 1,120 per sq.ft. Streets like CM Palanisamy Street and Co-operative Colony have values of Rs 1,100 and Rs 1,900 per sq.ft, respectively.

Where is the Gandhipuram Sub Registrar Office located?

The Gandhipuram Sub Registrar Office is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Collector Sivakumar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 11,20,000 would incur a stamp duty of Rs 78,400 at 7%.