Guideline Value for C.P.KANDASAMY NAGAR

C.P.Kandasamy Nagar guideline value

The current guideline value of C.P.Kandasamy Nagar is Rs 1,060 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

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

The guideline value for C.P.Kandasamy Nagar has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,060 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, there was an increase of 199%. The change from 2023 to 2024 reflects an increase of 6%. Overall, the guideline value increased by 112% from 2012 to 2024.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, which is equal to the current guideline value of C.P.Kandasamy Nagar.

• Daisy Garden: Rs 1,685 per sq.ft (2024)
• Chitra Nagar: Rs 1,685 per sq.ft (2024)
• Chidambaram Nagar: Rs 1,685 per sq.ft (2024)
• Dwaraka Village: Rs 1,685 per sq.ft (2024)
• E.B.Colony: Rs 1,055 per sq.ft (2024)
• Eeshanya's Aadhya: Rs 1,685 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,060 per sq.ft, the total guideline value would be Rs 10,60,000. The stamp duty at 7% would amount to Rs 74,200, and the registration fee at 2% would be Rs 21,200, totaling Rs 95,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.P.Kandasamy Nagar?

The Sub Registrar Office that covers C.P.Kandasamy Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Saravanmpatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are applicable. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of C.P.Kandasamy Nagar is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 1,060 per sq.ft in 2024, with significant increases in the years 2017 and 2023.

What is the land classification of C.P.Kandasamy Nagar?

C.P.Kandasamy Nagar is classified as Residential Class I Type - III.

Where is the Gandhipuram Sub Registrar Office located?

The Gandhipuram Sub Registrar Office is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,060 per sq.ft would incur a stamp duty of Rs 74,200.