Guideline Value for CHANDRAKALA TOWNSHIP

Chandrakala Township guideline value

The current guideline value of Chandrakala Township in Singanallur village, under the Singanallur SRO, is Rs 1,792 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Chandrakala Township has changed

The guideline value for Chandrakala Township has seen significant changes over the years. The 2017 revision set the guideline value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The most recent 2024 revision raised the value further to Rs 1,792 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO, with guideline values ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value is Rs 1,120 per sq.ft, placing the guideline value of Chandrakala Township above this median.

• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-I: Rs 1,792 per sq.ft (2024)
• B.R. Thottam: Rs 1,001 per sq.ft (2024)
• Cherannagar: Rs 1,568 per sq.ft (2024)
• Brindavan Nagar II: Rs 1,120 per sq.ft (2024)
• Boyar Veethi 1,2,3,4: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrakala Township

For a 1,000 sq.ft plot at the current guideline value of Rs 1,792 per sq.ft, the total guideline value would be Rs 17,92,000. The stamp duty at 7% would amount to Rs 1,25,440, and the registration fee at 2% would be Rs 35,840, bringing the total to Rs 1,61,280. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandrakala Township?

The Sub Registrar Office covering Chandrakala Township is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Singanallur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it impacts the overall cost of the transaction. It is advisable to check the latest guideline value before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Chandrakala Township?

The current guideline value of Chandrakala Township is Rs 1,792 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,792 per sq.ft in 2024, marking a total increase of 67% over this period.

What are the guideline values of other streets in Singanallur?

Other streets in Singanallur have varying guideline values, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value is Rs 1,120 per sq.ft.

What fees are associated with property registration in Chandrakala Township?

For property registration in Chandrakala Township, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.

Which office handles property registrations for Chandrakala Township?

The Singanallur Sub Registrar Office handles property registrations for Chandrakala Township, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.