Guideline Value for Cross Road

Cross Road guideline value

The current guideline value of Cross Road 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 Cross Road has changed

The guideline value for Cross Road has experienced several revisions over the years. The earliest recorded figure is from the 2012 revision, which set the value at Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

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

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the current guideline value for Cross Road.

• C. Subbaiya Gounder Nagar: Rs 1,000 per sq.ft (2024)
• Corporation Office Back Side: Rs 1,000 per sq.ft (2024)
• Co-operative Colony: Rs 1,325 per sq.ft (2024)
• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Devanga Nagar: Rs 1,325 per sq.ft (2024)
• Classic Garden Extn.,: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Cross Road

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. It is important to note that the 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 Cross Road?

The Sub Registrar Office that covers Cross Road is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kavundampalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Cross Road?

The current guideline value for Cross Road 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 536 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and remains at Rs 1,000 per sq.ft in 2024.

What is the land classification for Cross Road?

Cross Road is classified as Residential Class I Type - II under the guideline value register.

What are the stamp duty and registration fees for property in Cross Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Which office handles registrations for Cross Road?

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