Guideline Value for C.K.P NAGAR

C.K.P Nagar guideline value

The current guideline value of C.K.P Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Ward - A, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of C.K.P Nagar has changed

Over the years, the guideline value of C.K.P Nagar has seen several revisions. The 2007 revision set the value at Rs 295 per sq.ft, which increased to Rs 475 per sq.ft in 2012. However, there was a decrease of 33% to Rs 318 per sq.ft in the 2017 revision. Following this, the value surged by 120% to Rs 700 per sq.ft in 2023, and now stands at Rs 705 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From the 2007 revision to the 2024 revision, the overall increase in guideline value is 139%. The change from 2023 to 2024 reflects a modest increase of 1%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value for C.K.P Nagar is below this median.

• C.K.P Layout: Rs 705 per sq.ft (2024)
• College Road: Rs 880 per sq.ft (2024)
• College Road Railway line wasteland: Rs 701 per sq.ft (2024)
• Chetti Thottam: Rs 707 per sq.ft (2024)
• Duvaragai Nagar: Rs 706 per sq.ft (2024)
• Duvaragai Nagar 2nd Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in C.K.P Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total fees to Rs 63,450. 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.K.P Nagar?

The Sub Registrar Office that covers C.K.P Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - A

The guideline value is an essential factor during the registration process of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller registers a property, the guideline value helps ensure that the transaction is recorded at a fair value, thereby facilitating transparency in property dealings. It is crucial for both parties to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of C.K.P Nagar?

The current guideline value of C.K.P Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, marking an overall increase of 139% since then.

What is the registration office for C.K.P Nagar?

The registration office for C.K.P Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in C.K.P Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 49,350.

What are the other streets in Ward - A with their guideline values?

Other streets in Ward - A include C.K.P Layout at Rs 705 per sq.ft, College Road at Rs 880 per sq.ft, and Chetti Thottam at Rs 707 per sq.ft, among others.