Guideline Value for CHANDRAPURAM (RS.NO.498/6)

Chandrapuram (Rs.No.498/6) guideline value

The current guideline value of Chandrapuram (Rs.No.498/6) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kangayampalayam village, under the Dharapuram SRO, and falls under the Residential Class III Type - V land classification.

How the guideline value of Chandrapuram (Rs.No.498/6) has changed

Over the years, the guideline value for Chandrapuram has seen significant changes. The 2012 revision recorded a guideline value of Rs 80 per sq.ft, which increased to Rs 54 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value surged by 270%, reaching Rs 200 per sq.ft. The 2023 revision also maintained this value, with no change to the current figure in the 2024 revision.

There are no figures recorded for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 150%.

Guideline values in Kangayampalayam

Kangayampalayam village has 17 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median also at Rs 200 per sq.ft. The guideline value for Chandrapuram aligns with this median.

• Devanallur Arijana Street: Rs 200 per sq.ft (2024)
• Devanallur North Kudi Street: Rs 200 per sq.ft (2024)
• Devanallur Palli Street: Rs 200 per sq.ft (2024)
• Devanallur Temple Street: Rs 200 per sq.ft (2024)
• Devanallur West Kudi Street: Rs 200 per sq.ft (2024)
• Kangayampalayam North Arijana Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrapuram (Rs.No.498/6)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Chandrapuram (Rs.No.498/6)?

The Sub Registrar Office that covers Chandrapuram (Rs.No.498/6) is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kangayampalayam, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value ensures that the property is not undervalued for registration purposes. It helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Chandrapuram (Rs.No.498/6)?

The current guideline value of Chandrapuram (Rs.No.498/6) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, remaining the same in 2024.

What is the stamp duty for a property in Chandrapuram?

The stamp duty for a property in Chandrapuram is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 14,000.

Which office handles the registration for Chandrapuram?

The registration for Chandrapuram (Rs.No.498/6) is handled by the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the land classification for Chandrapuram?

Chandrapuram (Rs.No.498/6) is classified under Residential Class III Type - V.