Guideline Value for Cross Street No 5

Cross Street No 5 guideline value

The current guideline value of Cross Street No 5 in Kavundapadi village, under the Kavundapadi SRO, is Rs 600 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this street is Residential Class I Type - II.

How the guideline value of Cross Street No 5 has changed

Over the years, the guideline value of Cross Street No 5 has experienced several revisions. The earliest recorded revision in 2007 set the value at Rs 106 per sq.ft. This figure saw a significant increase to Rs 600 per sq.ft in the 2012 revision, marking a rise of 466%. However, the value then decreased to Rs 402 per sq.ft in 2017, a decline of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 600 per sq.ft, showing no change from 2023 to 2024, and a significant increase of 49% from 2017 to 2023.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Thus, the revisions available for Cross Street No 5 are from 2007, 2012, 2017, 2023, and 2024.

Guideline values in Kavundapadi

Kavundapadi village has a total of 137 streets under the Kavundapadi SRO that carry a guideline value for 2024, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, making the 2024 figure for Cross Street No 5 equal to this median.

• Dharmapuri Bhavani Main Road First Street No.1,2,3(521/2,3,4, 522/1to5, 545/2): Rs 700 per sq.ft (2024)
• Elango Nagar: Rs 726 per sq.ft (2024)
• Erode Road Cross Street No 2 (663/1,3,4,662): Rs 600 per sq.ft (2024)
• Erode Road Cross Street No 3,4,5(661/1,2,3A1,3A2,4,5.6): Rs 600 per sq.ft (2024)
• Erode Road - Four Road Carner to Raju Engineering Mill: Rs 1,200 per sq.ft (2024)
• Erode Road - Perumpallam Odai to Pethampalayam Cross: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Cross Street No 5

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cross Street No 5?

The Sub Registrar Office that covers Cross Street No 5 is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kavundapadi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property’s value.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted transparently and fairly, adhering to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Cross Street No 5?

The current guideline value of Cross Street No 5 is Rs 600 per sq.ft, effective from 1 July 2024. This value is consistent with the median guideline value in Kavundapadi.

How has the guideline value changed over the years?

The guideline value has changed from Rs 106 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. It was Rs 600 per sq.ft in both 2023 and 2024, showing a significant increase from 2017 to 2023.

What is the land classification for Cross Street No 5?

Cross Street No 5 is classified as Residential Class I Type - II. This classification is important for understanding the type of development permitted in the area.

Where can I find the Sub Registrar Office for Cross Street No 5?

The Sub Registrar Office for Cross Street No 5 is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How is stamp duty calculated for properties in Kavundapadi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.