Guideline Value

Corporate

Guideline Value for CANARABANK COLONY

₹708/sq.ft.

The guideline value for Canarabank Colony in Nallur village (Nallur_tiruppur SRO, Coimbatore zone) is Rs 708 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Nallur

Village

Nallur_Tiruppur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹708 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Rnear Hotel Riverview Nagapattinam 611002
0421-2374571
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Canarabank Colony

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Canarabank Colony guideline value

The current guideline value of Canarabank Colony is Rs 708 per sq.ft, effective from 1 July 2024. This locality is situated in Nallur village and falls under the Nallur_Tiruppur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Canarabank Colony has changed

The guideline value for Canarabank Colony has seen significant changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. Following this, the value sharply increased to Rs 700 per sq.ft in the 2023 revision, marking a 319% rise from the 2017 figure. The most recent 2024 revision has further increased the value to Rs 708 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the guideline value register for this street. Overall, from 2012 to 2024, the guideline value has increased by 183%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO with 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, indicating that Canarabank Colony's 2024 figure is below this median.

Stamp duty and registration fee for property in Canarabank Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, while the registration fee at 2% would be Rs 14,160. Therefore, the total cost for stamp duty and registration would be Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Canarabank Colony?

The Sub Registrar Office that covers Canarabank Colony is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Nallur. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Canarabank Colony?

The current guideline value of Canarabank Colony is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, representing an overall increase of 183% over this period.

What is the registration office for Canarabank Colony?

The registration office for Canarabank Colony is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

How is the stamp duty calculated for properties in Canarabank Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560.

What are the other streets in Nallur with guideline values?

Other streets in Nallur have varying guideline values, with rates ranging from Rs 700 to Rs 1,764 per sq.ft. Canarabank Colony's guideline value is Rs 708 per sq.ft, which is below the median of Rs 714 per sq.ft for the area.