Guideline Value for C.K.P Nagar

C.K.P Nagar guideline value

The current guideline value of C.K.P Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under Ward - B village and is classified as Residential Class IV Type - I, managed by the Tiruppur Joint I SRO.

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

The guideline value of C.K.P Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, this figure was reduced to Rs 502 per sq.ft in the 2017 revision. Following that, the value rose significantly to Rs 750 per sq.ft in 2023, and most recently, it has been revised to Rs 840 per sq.ft in 2024.

Examining the changes, the guideline value increased by 12% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. Conversely, the value dropped by 33% from 2012 to 2017. The 2007 to 2012 period saw a substantial increase of 70%. Overall, from 2007 to 2024, the guideline value has increased by 91%.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing C.K.P Nagar's 2024 figure below that median.

• College Road 1-8 Th Street: Rs 1,120 per sq.ft (2024)
• COLLEGE ROAD 1ST to 8th CROSS STREET: Rs 1,120 per sq.ft (2024)
• College Road 40 Feet: Rs 2,615 per sq.ft (2024)
• Chinnagoundampalayam (Bharathi Nagar): Rs 840 per sq.ft (2024)
• E.R.P Layout: Rs 840 per sq.ft (2024)
• E.R.P.Layout (Postal Colony)murungapalayam: Rs 840 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 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total fees together to Rs 75,600. It is important to note that 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 I 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 - B

The guideline value plays a crucial role during property transactions in Ward - B. It is used to determine the stamp duty and registration fees that buyers must pay upon purchasing a property. The guideline value is set by the government and is updated periodically, reflecting the current market conditions.

When selling a property, the guideline value ensures that the transaction is registered at a value that is recognized by the authorities. This helps in maintaining transparency and accountability in property transactions, thereby protecting the interests of both buyers and sellers.

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 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting various increases and decreases across the revisions.

What is the land classification for C.K.P Nagar?

C.K.P Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in C.K.P Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value, which can be calculated based on the property's size and value.

Which office manages the guideline values for C.K.P Nagar?

The guideline values for C.K.P Nagar are managed by the Tiruppur Joint I Sub Registrar Office, which is responsible for property registrations in the area.