Guideline Value for Cooli Nesavalar Colony

Cooli Nesavalar Colony guideline value

The current guideline value of Cooli Nesavalar Colony is Rs 1,015 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - III.

How the guideline value of Cooli Nesavalar Colony has changed

The guideline value for Cooli Nesavalar Colony has seen several revisions over the years. In 2012, the guideline value was set at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,015 per sq.ft as per the 2024 revision. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes in the guideline value are notable. From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 113%. Overall, from 2012 to 2024, the guideline value has risen by 45%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, and the guideline value for Cooli Nesavalar Colony is above this median.

• Co-operative Colony: Rs 1,325 per sq.ft (2024)
• Corporation Office Back Side: Rs 1,000 per sq.ft (2024)
• Classic Garden Extn.,: Rs 1,020 per sq.ft (2024)
• Classic Garden: Rs 1,000 per sq.ft (2024)
• Cross Road: Rs 1,000 per sq.ft (2024)
• Church Street (Annapoorani Layout): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Cooli Nesavalar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,015 per sq.ft, the total guideline value would be Rs 10,15,000. The stamp duty at 7% would amount to Rs 71,050, and the registration fee at 2% would be Rs 20,300, bringing the total fees together to Rs 91,350. It is important to note that the 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 details.

Which Sub Registrar Office covers Cooli Nesavalar Colony?

The Sub Registrar Office that covers Cooli Nesavalar Colony is 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 plays a crucial role during the registration of property transactions in Kavundampalayam. It serves as a reference for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Cooli Nesavalar Colony?

The current guideline value of Cooli Nesavalar Colony is Rs 1,015 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,015 per sq.ft in 2024, representing an overall increase of 45% over this period.

What are the stamp duty and registration fees for property in Cooli Nesavalar Colony?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 91,350, which includes stamp duty and registration fees.

Which office handles registrations for Cooli Nesavalar Colony?

The Vadavalli Sub Registrar Office handles registrations for Cooli Nesavalar Colony, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the significance of the guideline value when buying property?

The guideline value is used as a reference for determining the minimum price for property registration and is essential for calculating the applicable stamp duty and registration fees during the transaction.