Guideline Value for Corporation Office Back Side

Corporation Office Back Side guideline value

The current guideline value for Corporation Office Back Side in Kavundampalayam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Corporation Office Back Side has changed

The guideline value for Corporation Office Back Side has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which increased to Rs 536 per sq.ft in 2017. Following this, the 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision also holds it at Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 87%. Overall, from 2012 to 2024, there has been a 25% increase in the guideline value.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO, with guideline values for 2024 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 current figure for Corporation Office Back Side.

• Co-operative Colony: Rs 1,325 per sq.ft (2024)
• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Cross Road: Rs 1,000 per sq.ft (2024)
• C. Subbaiya Gounder Nagar: 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)

Stamp duty and registration fee for property in Corporation Office Back Side

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Corporation Office Back Side?

The Corporation Office Back Side is covered by 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 critical factor during the registration of property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value for Corporation Office Back Side?

The current guideline value for Corporation Office Back Side 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 1,000 per sq.ft in 2023 and 2024, with a notable increase of 87% from 2017 to 2023.

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

Other streets in Kavundampalayam include Co-operative Colony at Rs 1,325 per sq.ft, Cooli Nesavalar Colony at Rs 1,015 per sq.ft, and several others, with the median value being Rs 1,000 per sq.ft.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.

Where can I find the Sub Registrar Office for Corporation Office Back Side?

The Sub Registrar Office covering Corporation Office Back Side is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.