Guideline Value for Cycle Shop Ramasamy Street (Ward 18)

Cycle Shop Ramasamy Street (Ward 18) guideline value

The current guideline value of Cycle Shop Ramasamy Street (Ward 18) is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village and falls under the Mettupalayam SRO, classified as Residential Class I Type - II.

How the guideline value of Cycle Shop Ramasamy Street (Ward 18) has changed

The guideline value for Cycle Shop Ramasamy Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 1,000 per sq.ft. This figure remained the same in the 2012 revision but decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 1,120 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while there was a decrease of 33% from 2012 to 2017. The most recent change from 2023 to 2024 reflects a 12% increase. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Karamadai

Karamadai village has 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft as of 2024. The median guideline value in this area is Rs 800 per sq.ft, placing Cycle Shop Ramasamy Street's 2024 figure above the median.

• Devi Nagar: Rs 800 per sq.ft (2024)
• Coimbatore Mettupalayam Main Road (Ward 2): Rs 1,680 per sq.ft (2024)
• Coimbatore mainroad (Ward 13): Rs 1,680 per sq.ft (2024)
• Coffee Gudan Street (Ward 19): Rs 800 per sq.ft (2024)
• East Car Street (Ward 11): Rs 1,120 per sq.ft (2024)
• Chettiar street (Ward 11): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Cycle Shop Ramasamy Street (Ward 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cycle Shop Ramasamy Street (Ward 18)?

The Cycle Shop Ramasamy Street (Ward 18) is covered by the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or purchased, the transaction must be registered with the local Sub Registrar Office, and the guideline value is used to calculate the applicable fees. This ensures that the transaction is legally recognized and that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value of Cycle Shop Ramasamy Street (Ward 18)?

The current guideline value of Cycle Shop Ramasamy Street (Ward 18) is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Cycle Shop Ramasamy Street?

Cycle Shop Ramasamy Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,00,800, based on the guideline value of Rs 11,20,000.

Which office handles registrations for Cycle Shop Ramasamy Street?

The Mettupalayam Sub Registrar Office handles registrations for Cycle Shop Ramasamy Street, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.