Guideline Value for chellandiamman kovilveethi

Chellandiamman Kovilveethi guideline value

The current guideline value of Chellandiamman Kovilveethi is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Unjalore village and falls under the Kodumudi SRO, classified as Commercial Class I Type - I.

How the guideline value of Chellandiamman Kovilveethi has changed

The guideline value for Chellandiamman Kovilveethi has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 60 per sq.ft. This increased to Rs 40 per sq.ft in 2017, then jumped significantly to Rs 200 per sq.ft in 2023. The 2024 revision maintains this value at Rs 200 per sq.ft, reflecting no change from the previous year.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 400% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 233%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Unjalore

In Unjalore, there are 52 streets under the Kodumudi SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Chellandiamman Kovilveethi at the same level as the median.

• Chellandiyamman kovil street: Rs 100 per sq.ft (2024)
• Chandraselaran veetu sandhu: Rs 100 per sq.ft (2024)
• Chandrasekaran: Rs 200 per sq.ft (2024)
• Chinnaperumal Veetu sandhu: Rs 200 per sq.ft (2024)
• Ellaikkadu pudur: Rs 200 per sq.ft (2024)
• Highways road: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chellandiamman Kovilveethi

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellandiamman Kovilveethi?

The Sub Registrar Office that covers Chellandiamman Kovilveethi is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Unjalore. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps ensure that all parties are informed about the costs involved. This transparency is essential for a smooth registration process and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chellandiamman Kovilveethi?

The current guideline value of Chellandiamman Kovilveethi is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2012 to Rs 200 per sq.ft in 2023 and 2024. There was a notable increase of 400% from 2017 to 2023.

What is the land classification for Chellandiamman Kovilveethi?

Chellandiamman Kovilveethi is classified as Commercial Class I Type - I. This classification can influence the usage and development of properties in the area.

Where can I find the Sub Registrar Office for Chellandiamman Kovilveethi?

The Kodumudi Sub Registrar Office, which covers Chellandiamman Kovilveethi, is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 and a registration fee of Rs 4,000.