Guideline Value for C.S.I. Nagar

C.S.I. Nagar guideline value

The current guideline value of C.S.I. Nagar is Rs 340 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class II Type - II.

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. In 2012, the value was Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 80%, bringing the value up to Rs 300 per sq.ft. The latest revision in 2024 saw another increase of 13%, resulting in the current guideline value of Rs 340 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 36%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that have a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft. The median value for these streets is Rs 370 per sq.ft, indicating that C.S.I. Nagar's 2024 value is below the median.

• Dhamu Nagar: Rs 420 per sq.ft (2024)
• Cinnakannan pudur: Rs 325 per sq.ft (2024)
• Dhyan Residency: Rs 660 per sq.ft (2024)
• D.R.D. Nagar: Rs 420 per sq.ft (2024)
• Duraisamy Nagar: Rs 420 per sq.ft (2024)
• E.B. Colony: Rs 360 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 rate, the guideline value would be Rs 3,40,000. The stamp duty at 7% would amount to Rs 23,800, and the registration fee at 2% would be Rs 6,800, bringing the total to Rs 30,600. 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 details.

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

The Sub Registrar Office that covers C.S.I. Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Gudalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legalizing the transaction. This ensures that both buyers and sellers are aware of the financial implications of the sale.

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

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

For a property valued at Rs 3,40,000, the stamp duty would be Rs 23,800 and the registration fee would be Rs 6,800, totaling Rs 30,600.

Which office handles registrations for C.S.I. Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for C.S.I. Nagar, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

Where can I find the guideline values for other streets in Gudalur?

The guideline values for other streets in Gudalur can be accessed through the respective links provided for each street, which show their current rates per sq.ft.