Guideline Value for CHENNIAPPA GOUNDER NAGAR

Chenniappa Gounder Nagar guideline value

The current guideline value of Chenniappa Gounder Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village under the Ganapathy SRO and is classified as Residential Class I Type - II.

How the guideline value of Chenniappa Gounder Nagar has changed

The guideline value for Chenniappa Gounder Nagar has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant rise to Rs 1,000 per sq.ft, reflecting an increase of 149%. The most recent revision in 2024 set the value at Rs 1,008 per sq.ft, which is a 1% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO, with guideline values ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value is Rs 1,008 per sq.ft, which is equal to the current value of Chenniappa Gounder Nagar.

• Cheranmaanagar/Sree Raghavendra Nagar Avenue: Rs 1,010 per sq.ft (2024)
• Casa Grande-Next Town: Rs 1,009 per sq.ft (2024)
• Brindhavan Nagar: Rs 1,007 per sq.ft (2024)
• Brindhavana Nagar: Rs 1,008 per sq.ft (2024)
• Bramma Daffodils: Rs 1,680 per sq.ft (2024)
• Bougain Villea: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Chenniappa Gounder Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,008 per sq.ft, the guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, totaling Rs 90,720. It is important to note that 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 information.

Which Sub Registrar Office covers Chenniappa Gounder Nagar?

The Sub Registrar Office that covers Chenniappa Gounder Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Villankuruchi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official and standardized value.

When buying or selling property, the guideline value is referenced to ensure compliance with legal requirements. This value helps both buyers and sellers to understand the financial obligations associated with the transaction, as it influences the overall costs involved.

Frequently asked questions

What is the current guideline value of Chenniappa Gounder Nagar?

The current guideline value of Chenniappa Gounder Nagar is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,008 per sq.ft in 2024, reflecting an overall increase of 68% over this period.

What are the stamp duty and registration fees for properties in Chenniappa Gounder Nagar?

For a property valued at Rs 10,08,000, the stamp duty would be Rs 70,560 and the registration fee would be Rs 20,160, totaling Rs 90,720.

Which Sub Registrar Office covers the area of Chenniappa Gounder Nagar?

The Ganapathy Sub Registrar Office covers Chenniappa Gounder Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification of Chenniappa Gounder Nagar?

Chenniappa Gounder Nagar is classified as Residential Class I Type - II, indicating its designation for residential development.