Guideline Value for CHELLAM NAGAR

Chellam Nagar guideline value

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

How the guideline value of Chellam Nagar has changed

The guideline value for Chellam Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in 2017. Following this, the 2023 revision returned the value to Rs 250 per sq.ft, and the current 2024 revision maintains this figure at Rs 250 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 50%, while from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Odaiyakulam

In Odaiyakulam, there are 72 streets under the Anaimalai SRO with a guideline value for 2024 ranging from Rs 101 to Rs 448 per sq.ft. The median value is Rs 200 per sq.ft, placing Chellam Nagar's current value above this median.

• Chella Masaniamman 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 Chellam Nagar

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

The Sub Registrar Office that covers Chellam 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 in property transactions in Odaiyakulam. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. This ensures that both the buyer and seller are aware of the official valuation set by the government.

When registering a property, the guideline value helps in determining the legal obligations for payment of taxes. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating duties.

Frequently asked questions

What is the current guideline value of Chellam Nagar?

The current guideline value of Chellam 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 changed 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 remains at Rs 250 per sq.ft in 2024.

What is the land classification of Chellam Nagar?

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

Where can I find the registration office for Chellam Nagar?

The registration office for Chellam Nagar is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

How is the stamp duty calculated for properties in Chellam 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.