Guideline Value for C.S.I Nagar

C.S.I Nagar guideline value

The current guideline value of C.S.I Nagar, located in Dharapuram Ward 6 under the Dharapuram SRO, is Rs 1,450 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

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

The guideline value for C.S.I Nagar has seen significant changes over the years. Starting from Rs 222 per sq.ft in 2002, it rose to Rs 250 per sq.ft in 2003. There is no figure available for the year 2007. The value then increased to Rs 1,300 per sq.ft in 2012, but fell to Rs 871 per sq.ft by 2017. The value saw a substantial rise to Rs 1,300 per sq.ft in 2023, followed by another increase to Rs 1,450 per sq.ft in 2024, marking a 12% rise from the previous year.

Between the revisions, the guideline value changed as follows: from 2002 to 2024, there was an overall increase of 553%. The transition from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was a notable 49%. Additionally, the increase from 2003 to 2012 was a remarkable 420%, and from 2002 to 2003, it was 13%.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO with a 2024 guideline value ranging from Rs 645 to Rs 1,820 per sq.ft. The median value is Rs 1,330 per sq.ft, placing C.S.I Nagar's guideline value above this median.

• Dhalavaipattinam Road: Rs 1,450 per sq.ft (2024)
• Church Street: Rs 1,380 per sq.ft (2024)
• Chiviyar Street: Rs 770 per sq.ft (2024)
• Dombar Street Kattu Vaikkal (Jawahar Nagar): Rs 1,550 per sq.ft (2024)
• Gandhipuram: Rs 1,450 per sq.ft (2024)
• Gandhipuram Kurukkutheru -1: Rs 1,450 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 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would amount to Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total fees to Rs 1,30,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

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

The C.S.I Nagar area is covered by the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value plays a crucial role during the registration of property transactions in Dharapuram Ward 6. It is used to determine the applicable stamp duty and registration fees, ensuring that buyers and sellers are aware of the costs involved in the transaction.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values will be used to calculate the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

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 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 222 per sq.ft in 2002 to Rs 1,450 per sq.ft in 2024, marking an overall increase of 553% over the years.

What is the registration office for C.S.I Nagar?

The registration office for C.S.I Nagar is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is stamp duty calculated in C.S.I Nagar?

Stamp duty in C.S.I Nagar is calculated based on the higher of the guideline value or the sale price of the property. Currently, the stamp duty rate is 7% of the guideline value.

What are the other streets in Dharapuram Ward 6?

Other streets in Dharapuram Ward 6 include Dhalavaipattinam Road, Church Street, Chiviyar Street, Dombar Street Kattu Vaikkal (Jawahar Nagar), Gandhipuram, and Gandhipuram Kurukkutheru -1, each with their respective guideline values for 2024.