Guideline Value for CHENIYAPA NAGAR

Cheniyapa Nagar guideline value

The current guideline value of Cheniyapa Nagar, located in Kangeyam village under the Kangeyam SRO, is Rs 334 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Cheniyapa Nagar has changed

The guideline value for Cheniyapa Nagar has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 125 per sq.ft. This increased to Rs 84 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 300 per sq.ft, an increase of 257%. The most recent revision in 2024 saw the guideline value rise to Rs 334 per sq.ft, reflecting an 11% increase from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 167%.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft, and the median value being Rs 448 per sq.ft. The guideline value of Cheniyapa Nagar is below this median.

• CHENNIMALAI ROAD (BUSTAND To DHIVYA HOSPITAL): Rs 1,120 per sq.ft (2024)
• Chennimalai Road (From Dhivya Hospital): Rs 448 per sq.ft (2024)
• Cheran Nagar: Rs 728 per sq.ft (2024)
• Chadhiram Veethi: Rs 728 per sq.ft (2024)
• Chinnasamy Aachiriar Veethi: Rs 1,120 per sq.ft (2024)
• Chinnaypudhur: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Cheniyapa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 334 per sq.ft, the guideline value would be Rs 3,34,000. The stamp duty at 7% would amount to Rs 23,380, and the registration fee at 2% would be Rs 6,680, totaling Rs 30,060. 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 Cheniyapa Nagar?

The Cheniyapa Nagar area falls under the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Cheniyapa Nagar?

The current guideline value of Cheniyapa Nagar is Rs 334 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 334 per sq.ft in 2024, reflecting an overall increase of 167% over this period.

What is the land classification of Cheniyapa Nagar?

Cheniyapa Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for a property in Cheniyapa Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 30,060.

Where is the Kangeyam Sub Registrar Office located?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.