Guideline Value for C.G.V.Nagar

C.G.V.Nagar guideline value

The current guideline value of C.G.V.Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kumarapalayam village under the Coimbatore South Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of C.G.V.Nagar has changed

The guideline value for C.G.V.Nagar has remained at Rs 1,000 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

From the 2023 to the 2024 revision, there was no change in the guideline value, remaining at Rs 1,000 per sq.ft. This indicates stability in the valuation for this street over the last two revisions.

Guideline values in Kumarapalayam

Kumarapalayam has a total of 290 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 1,001 per sq.ft, placing C.G.V.Nagar's 2024 figure below that median.

• Brindavan Garden: Rs 1,000 per sq.ft (2024)
• Bright Garden: Rs 1,000 per sq.ft (2024)
• Cheran Nagar: Rs 1,000 per sq.ft (2024)
• Chidambaram Colony: Rs 1,000 per sq.ft (2024)
• Chokkampudur Oorkattu: Rs 1,000 per sq.ft (2024)
• Chokkampudur Road: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in C.G.V.Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.G.V.Nagar?

The Sub Registrar Office covering C.G.V.Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kumarapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of C.G.V.Nagar?

The current guideline value of C.G.V.Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision. The register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in C.G.V.Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total cost for stamp duty and registration fees would be Rs 90,000. This includes Rs 70,000 for stamp duty and Rs 20,000 for registration fees.

Which Sub Registrar Office covers C.G.V.Nagar?

The Coimbatore South Joint 1 Sub Registrar Office covers C.G.V.Nagar, located at No.410a, Raja Street, Coimbatore-641001.

What is the significance of the guideline value in property transactions?

The guideline value is used as a basis for calculating stamp duty and registration fees during property transactions. It ensures that the revenue collected by the government is based on a standardized valuation.