Guideline Value for CHAIRMAN KANDASAMY NAGAR

Chairman Kandasamy Nagar guideline value

The current guideline value of Chairman Kandasamy Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under Ward - F village, Tiruppur Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Chairman Kandasamy Nagar has changed

The guideline value for Chairman Kandasamy Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 295 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in 2012, marking a 171% rise. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a 33% drop. The value further increased to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 198%. The jumps between these revisions indicate fluctuations in the property values in this area, with the most significant increase occurring between 2017 and 2023, where the value rose by 49%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft, with a median value of Rs 706 per sq.ft. The guideline value for Chairman Kandasamy Nagar is above this median.

• Chenniyappa Nagar: Rs 708 per sq.ft (2024)
• Chinnappa Layout: Rs 708 per sq.ft (2024)
• Chithi Boomi: Rs 2,200 per sq.ft (2024)
• Devaraj Nagar: Rs 704 per sq.ft (2024)
• Devendra Street: Rs 707 per sq.ft (2024)
• Bagavathi Nagar: Rs 704 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Kandasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chairman Kandasamy Nagar?

The Sub Registrar Office that covers Chairman Kandasamy Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - F

The guideline value is an essential factor during the registration process when buying or selling property in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps establish the minimum price at which the property can be registered. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chairman Kandasamy Nagar?

The current guideline value of Chairman Kandasamy Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing an overall increase of 198% over the years.

What is the land classification for Chairman Kandasamy Nagar?

Chairman Kandasamy Nagar is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Chairman Kandasamy Nagar?

The Sub Registrar Office for Chairman Kandasamy Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Chairman Kandasamy 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 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.