Guideline Value for Cross cut Road (Ponney Gounder Road)

Cross cut Road (Ponney Gounder Road) guideline value

The current guideline value of Cross cut Road (Ponney Gounder Road) is Rs 10,080 per sq.ft, effective from 1 July 2024. This road is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Cross cut Road (Ponney Gounder Road) has changed

The guideline value for Cross cut Road (Ponney Gounder Road) has seen significant changes over the years. In 2007, the guideline value was Rs 2,500 per sq.ft, which increased dramatically to Rs 9,000 per sq.ft in 2012. However, it then decreased by 33% to Rs 6,030 per sq.ft in 2017. The value rose again to Rs 9,000 per sq.ft in 2023, and most recently, it has increased by 12% to Rs 10,080 per sq.ft in the 2024 revision.

From 2007 to 2024, the overall increase in the guideline value is 303%. 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, placing Cross cut Road (Ponney Gounder Road) above this median.

• CP Srinivasan Street: Rs 1,120 per sq.ft (2024)
• Dasappan Street: Rs 1,120 per sq.ft (2024)
• Dayal Street: Rs 1,120 per sq.ft (2024)
• Co-operative Colony (Rathnasabapathy Street): Rs 1,900 per sq.ft (2024)
• Collector Sivakumar Street: Rs 1,120 per sq.ft (2024)
• CM Palanisamy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Cross cut Road (Ponney Gounder Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 10,080 per sq.ft, the total guideline value would be Rs 1,00,80,000. The stamp duty at 7% would be Rs 7,05,600, and the registration fee at 2% would be Rs 2,01,600, bringing the total fees to Rs 9,07,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cross cut Road (Ponney Gounder Road)?

The Sub Registrar Office that covers Cross cut Road (Ponney Gounder Road) is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for more information.

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 determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable during the transaction.

During the registration process, the guideline value ensures that properties are not undervalued, thereby protecting the interests of both the buyer and the government. Buyers should be aware that the guideline value can vary significantly between different streets within the same locality.

Frequently asked questions

What is the current guideline value of Cross cut Road (Ponney Gounder Road)?

The current guideline value of Cross cut Road (Ponney Gounder Road) is Rs 10,080 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

In the last few revisions, the guideline value has increased from Rs 9,000 per sq.ft in 2023 to Rs 10,080 per sq.ft in 2024, marking a 12% increase. Overall, from 2007 to 2024, there has been a 303% increase in the guideline value.

What is the land classification of Cross cut Road (Ponney Gounder Road)?

Cross cut Road (Ponney Gounder Road) is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

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

Other streets in Sanganur under the Gandhipuram SRO include CP Srinivasan Street, Dasappan Street, Dayal Street, Co-operative Colony (Rathnasabapathy Street), Collector Sivakumar Street, and CM Palanisamy Street, with guideline values ranging from Rs 1,100 to Rs 1,900 per sq.ft in 2024.

How is the stamp duty calculated for properties in Cross cut Road (Ponney Gounder Road)?

The stamp duty for properties in Cross cut Road (Ponney Gounder Road) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,80,000, the stamp duty would be Rs 7,05,600.