Guideline Value for CHIDAMBARAM NAGAR

Chidambaram Nagar guideline value

The current guideline value of Chidambaram Nagar is Rs 1,685 per sq.ft, effective from 1 July 2024. This area is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Special Type - III.

How the guideline value of Chidambaram Nagar has changed

The guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which changed to Rs 603 per sq.ft in 2017. This was a decrease of 33%. The following revision in 2023 raised the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 has increased it significantly to Rs 1,685 per sq.ft, marking a 69% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 87%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, placing Chidambaram Nagar's 2024 figure above this median.

• Chitra Nagar: Rs 1,685 per sq.ft (2024)
• Buthar Veethi: Rs 1,045 per sq.ft (2024)
• Brahma Camellia: Rs 1,170 per sq.ft (2024)
• Boyar Street: Rs 1,045 per sq.ft (2024)
• Bose Garden: Rs 1,055 per sq.ft (2024)
• Boopathy Nagar: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,685 per sq.ft, the guideline value would be Rs 16,85,000. The stamp duty at 7% would amount to Rs 1,17,950, and the registration fee at 2% would be Rs 33,700, totaling Rs 1,51,650. 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 details.

Which Sub Registrar Office covers Chidambaram Nagar?

The Sub Registrar Office covering Chidambaram Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is used as a reference point during property transactions in Saravanmpatty. It helps determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are charged. This value is crucial for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Chidambaram Nagar?

The current guideline value of Chidambaram Nagar is Rs 1,685 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 1,685 per sq.ft in 2024, marking an overall increase of 87% over this period.

What are the stamp duty rates for property in Chidambaram Nagar?

The stamp duty for property in Chidambaram Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chidambaram Nagar located?

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

What is the land classification for Chidambaram Nagar?

Chidambaram Nagar is classified as Residential Special Type - III, which affects its guideline value and usage.