Guideline Value for C M S NAGAR

C M S Nagar guideline value

The current guideline value of C M S Nagar, located in Ganapathy village under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of C M S Nagar has changed

The guideline value for C M S Nagar has seen several revisions over the years. In 2007, the value was set at Rs 150 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. Following this, the value rose dramatically to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,010 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a substantial increase of 99%, while the change from 2012 to 2017 marked a decrease of 33%. The 2007 to 2012 period saw a remarkable increase of 400%. Overall, from 2007 to 2024, the guideline value has increased by 573%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of C M S Nagar is below this median.

• C.M.Nagar: Rs 1,010 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)
• Chinnasamy Nagar: Rs 1,400 per sq.ft (2024)
• Deivanayaki Nagar/Krishna Layout: Rs 1,400 per sq.ft (2024)
• Devapuram: Rs 1,120 per sq.ft (2024)
• Dharani Nagar.Ganapathy Pudur Veethi No-7: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in C M S Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, leading to a total of Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C M S Nagar?

The C M S Nagar area is covered by the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions within Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When registering a property, the guideline value is used to assess the applicable fees. It is essential for both buyers and sellers to understand that the guideline value can affect the overall cost of the transaction, influencing the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of C M S Nagar?

The current guideline value of C M S Nagar is Rs 1,010 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 150 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, with various revisions in between.

What is the classification of land in C M S Nagar?

C M S Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.

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

For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700 and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office handles property registrations for C M S Nagar?

The Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006, handles property registrations for C M S Nagar.