Guideline Value for CHELLA MASANIAMMAN NAGAR

Chella Masaniamman Nagar guideline value

The current guideline value of Chella Masaniamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Odaiyakulam village under the Anaimalai SRO, classified as Residential Class I Type - I.

How the guideline value of Chella Masaniamman Nagar has changed

Looking at the revisions, the guideline value for Chella Masaniamman Nagar was Rs 250 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, it was Rs 167 per sq.ft, showing a significant increase of 50% from 2017 to 2023. In the 2012 revision, the value was Rs 250 per sq.ft, which indicates a decrease of 33% when compared to the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Odaiyakulam

In Odaiyakulam, there are 72 streets under the Anaimalai SRO with a 2024 guideline value ranging from Rs 101 to Rs 448 per sq.ft, with a median value of Rs 200 per sq.ft. Chella Masaniamman Nagar's 2024 guideline value of Rs 250 per sq.ft is above this median.

• Chellam Nagar: Rs 250 per sq.ft (2024)
• Boyar Street: Rs 250 per sq.ft (2024)
• Chinnappampalayam Main Road: Rs 200 per sq.ft (2024)
• Cvr Nagar: Rs 250 per sq.ft (2024)
• Dana Lay Out: Rs 200 per sq.ft (2024)
• Big Bazzar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chella Masaniamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that 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 Chella Masaniamman Nagar?

The Sub Registrar Office that covers Chella Masaniamman Nagar is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Odaiyakulam. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, the guideline value ensures that transactions are recorded accurately and transparently. It helps in standardizing property values across the region, making it easier for buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Chella Masaniamman Nagar?

The current guideline value for Chella Masaniamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. The increase from 2017 to 2023 was 50%.

What is the land classification for Chella Masaniamman Nagar?

Chella Masaniamman Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Chella Masaniamman Nagar?

The Anaimalai Sub Registrar Office covers Chella Masaniamman Nagar, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

How is stamp duty calculated for properties in Chella Masaniamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a total stamp duty of Rs 17,500.