Guideline Value for CHENNIMALAIPALAYAM AD COLONY NATTHAM

Chennimalaipalayam Ad Colony Nattham guideline value

The current guideline value of Chennimalaipalayam Ad Colony Nattham is Rs 701 per sq.ft, effective from 1 July 2024. This area is located in Nallur village under the Nallur_Tiruppur SRO and is classified as Residential Class V Type - II.

How the guideline value of Chennimalaipalayam Ad Colony Nattham has changed

The guideline value for Chennimalaipalayam Ad Colony Nattham has seen several revisions over the years. The 2012 revision set the value at Rs 135 per sq.ft, which then decreased to Rs 90 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 700 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 701 per sq.ft, indicating no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 419%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft, with a median value of Rs 714 per sq.ft. The guideline value for Chennimalaipalayam Ad Colony Nattham is below this median.

• Chennimalaipalayam Nattham: Rs 708 per sq.ft (2024)
• Cheran Employees Garden: Rs 712 per sq.ft (2024)
• Cheran Nagar: Rs 913 per sq.ft (2024)
• Chandrapuram Natham: Rs 716 per sq.ft (2024)
• CHANDRAPURAM MAIN ROAD(PAP Nagar Road To Sevandhampalayam): Rs 913 per sq.ft (2024)
• CHANDRAPURAM MAIN ROAD (Dharapuram Road To PAP Nagar Road): Rs 913 per sq.ft (2024)

Stamp duty and registration fee for property in Chennimalaipalayam Ad Colony Nattham

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total cost for these fees to Rs 63,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennimalaipalayam Ad Colony Nattham?

The Chennimalaipalayam Ad Colony Nattham falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is documented accurately. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chennimalaipalayam Ad Colony Nattham?

The current guideline value of Chennimalaipalayam Ad Colony Nattham is Rs 701 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 135 per sq.ft to Rs 701 per sq.ft in 2024, marking an overall increase of 419%.

What are the other streets in Nallur with their guideline values?

Other streets in Nallur include Chennimalaipalayam Nattham at Rs 708 per sq.ft, Cheran Employees Garden at Rs 712 per sq.ft, and several others, with values ranging up to Rs 913 per sq.ft.

What fees are associated with property registration in Chennimalaipalayam Ad Colony Nattham?

For a property valued at Rs 7,01,000, the stamp duty is Rs 49,070 and the registration fee is Rs 14,020, totaling Rs 63,090 in fees.

Which office handles property registration for Chennimalaipalayam Ad Colony Nattham?

The Nallur_Tiruppur Sub Registrar Office is responsible for property registration in Chennimalaipalayam Ad Colony Nattham, located near Hotel Riverview, Nagapattinam 611002.