Guideline Value for Cutchery Street

Cutchery Street guideline value

The current guideline value of Cutchery Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Gobichettipalayam Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Cutchery Street has changed

The guideline value for Cutchery Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49% over six years. The most recent revision in 2024 raised the value further to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gobi Town Modachur Ward C Block - 1

In Gobi Town Modachur Ward C Block - 1, Cutchery Street has a guideline value of Rs 2,750 per sq.ft. Below are the guideline values for other streets in Gobi Town Modachur Ward C Block - 1:

• Ram Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Cutchery Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is essential to note that 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 Cutchery Street?

The Sub Registrar Office that covers Cutchery Street is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Gobi Town Modachur Ward C Block - 1

The guideline value is a crucial factor during property registration in Gobi Town Modachur Ward C Block - 1. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a buyer or seller engages in a property transaction, the guideline value helps determine the legal and financial obligations involved. It is essential for both parties to be aware of this value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Cutchery Street?

The current guideline value of Cutchery Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties on Cutchery Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Cutchery Street?

The Gobichettipalayam Joint I Sub Registrar Office handles property registrations for Cutchery Street, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

Are there other streets with guideline values in Gobi Town Modachur Ward C Block - 1?

Yes, other streets in Gobi Town Modachur Ward C Block - 1 include Ram Nagar, which has a guideline value of Rs 1,100 per sq.ft as of 2024.