Guideline Value for CAPTAIN NAGAR

Captain Nagar guideline value

The current guideline value of Captain Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Muthanampalayam village, under the Tiruppur Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Captain Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This increased to Rs 100 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value saw a significant rise of 600%, reaching Rs 700 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 367%.

Guideline values in Muthanampalayam

Muthanampalayam village has a total of 178 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 896 per sq.ft. The guideline value of Captain Nagar matches the median value of Rs 700 per sq.ft for 2024.

• Cheran Labour Colony: Rs 708 per sq.ft (2024)
• Cheran Nagar: Rs 700 per sq.ft (2024)
• Cheran Tholilalar Colony: Rs 708 per sq.ft (2024)
• Deivam Nagar: Rs 700 per sq.ft (2024)
• Dhanakkamparaikkadu: Rs 700 per sq.ft (2024)
• Dharapuram Road (Beyond Kovil Vazhi): Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Captain Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 Captain Nagar?

The Sub Registrar Office covering Captain Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Muthanampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Captain Nagar?

The current guideline value of Captain Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, which is a total increase of 367% over the years.

What is the land classification of Captain Nagar?

Captain Nagar is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Captain Nagar?

The Sub Registrar Office for Captain Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for property in Captain Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.