Guideline Value for C.S.I NAGAR

C.S.I Nagar guideline value

The current guideline value of C.S.I Nagar, located in Thottipalayam village under the Thottipalayam SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of C.S.I Nagar has changed

The guideline value for C.S.I Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,110 per sq.ft.

From the 2017 to 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 saw an increase of 11%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam village, there are 99 streets under the Thottipalayam SRO that have a guideline value for 2024, ranging from Rs 700 to Rs 2,800 per sq.ft, with a median value of Rs 806 per sq.ft. C.S.I Nagar's guideline value of Rs 1,110 per sq.ft is above this median.

• C.S.I Colony: Rs 1,110 per sq.ft (2024)
• Devi Jakkamma Nagar: Rs 806 per sq.ft (2024)
• Doctor Radha Krishnan Nagar: Rs 1,887 per sq.ft (2024)
• Doctor Radha Krishnan Nagar (Near By R.K. Nagar): Rs 1,110 per sq.ft (2024)
• Chinnappa Nagar Extension: Rs 703 per sq.ft (2024)
• Chinnappa Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.I Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, totaling Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers C.S.I Nagar?

The Sub Registrar Office that covers C.S.I Nagar is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Thottipalayam. It determines the minimum value at which property transactions must be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers must be aware that the stamp duty is calculated on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of C.S.I Nagar?

The current guideline value of C.S.I Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,110 per sq.ft in 2024.

What is the land classification of C.S.I Nagar?

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

What are the stamp duty and registration fees for property in C.S.I Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs would be Rs 99,900.

Where is the Sub Registrar Office for C.S.I Nagar located?

The Thottipalayam Sub Registrar Office is located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.