Guideline Value for CHELLAMMAL NAGAR

Chellammal Nagar guideline value

The current guideline value of Chellammal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chinnavedampatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chellammal Nagar has changed

The guideline value for Chellammal Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 232%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 raised it further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 144%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,095 per sq.ft, positioning Chellammal Nagar above this median.

• Chinnavedampatti Natham: Rs 1,090 per sq.ft (2024)
• City Residency: Rs 1,502 per sq.ft (2024)
• C.K.S. Nagar: Rs 1,095 per sq.ft (2024)
• Dejavu Tranz Heaven: Rs 2,000 per sq.ft (2024)
• Dhanabagyam Layout: Rs 1,095 per sq.ft (2024)
• Dhandapani Veethi: Rs 1,090 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, calculated at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellammal Nagar?

The Sub Registrar Office that covers Chellammal Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Chinnavedampatty. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chellammal Nagar?

The current guideline value of Chellammal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 450 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 144% during this period.

What is the stamp duty rate for properties in Chellammal Nagar?

The stamp duty for properties in Chellammal Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chellammal Nagar located?

The Sub Registrar Office for Chellammal Nagar is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What classification does Chellammal Nagar fall under?

Chellammal Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.