Guideline Value for CHAIRMAN RAMASAMY NAGAR

Chairman Ramasamy Nagar guideline value

The current guideline value of Chairman Ramasamy Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in the village of Udumalpettai under the Udumalpettai SRO and is classified as Residential Class I Type - III.

How the guideline value of Chairman Ramasamy Nagar has changed

The guideline value for Chairman Ramasamy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which was then reduced to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 450 per sq.ft in 2023, and finally, it reached Rs 500 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 50%. Overall, comparing the 2012 and 2024 revisions, there has been a net increase of 11% in the guideline value.

Guideline values in Ward - E

In Ward - E, there are 49 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 1,350 per sq.ft. The median value is Rs 500 per sq.ft, which aligns with the current guideline value of Chairman Ramasamy Nagar.

• Chinnasamy Layout: Rs 775 per sq.ft (2024)
• Deivaseekamani Pattinam: Rs 475 per sq.ft (2024)
• DHALI ROAD-part 3: Rs 1,350 per sq.ft (2024)
• Elayamuthur Road: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 380 per sq.ft (2024)
• Gangadaran Lay Out: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Ramasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. 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 Chairman Ramasamy Nagar?

The Sub Registrar Office that covers Chairman Ramasamy Nagar is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for further information.

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

The guideline value is a critical factor in property transactions in Ward - E, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

During the registration process, buyers and sellers must consider the guideline value as it influences the overall cost of the transaction. This value is essential for maintaining transparency and compliance in property dealings within the region.

Frequently asked questions

What is the current guideline value of Chairman Ramasamy Nagar?

The current guideline value of Chairman Ramasamy Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 450 per sq.ft, dropping to Rs 301 per sq.ft in 2017, then rising to Rs 450 per sq.ft in 2023, and finally reaching Rs 500 per sq.ft in 2024.

What are the other guideline values in Ward - E?

In Ward - E, the guideline values range from Rs 380 to Rs 1,350 per sq.ft, with the median value being Rs 500 per sq.ft, which is the same as the guideline value for Chairman Ramasamy Nagar.

What is the stamp duty for property in Chairman Ramasamy Nagar?

The stamp duty for property in Chairman Ramasamy Nagar is calculated at 7% of the guideline value. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

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

The Sub Registrar Office for Chairman Ramasamy Nagar is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.