Guideline Value for CHIDHAMBARANAR NAGAR

Chidhambaranar Nagar guideline value

The current guideline value of Chidhambaranar Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Anaimalai Hills village, under the Anaimalai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Chidhambaranar Nagar has changed

The guideline value for Chidhambaranar Nagar has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 205 per sq.ft. This increased to Rs 450 per sq.ft in 2012, marking a significant rise of 120%. However, in the following revision in 2017, the value dropped to Rs 301 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 450 per sq.ft, and the 2024 revision also holds the same value, showing no change from the previous year.

There are no figures available in the register for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 50%, and overall, from 2007 to 2024, there has been an increase of 120% in the guideline value.

Guideline values in Anaimalai Hills

In Anaimalai Hills, there are 121 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 450 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Chidhambaranar Nagar's 2024 figure above this median.

• Children's Park Street: Rs 302 per sq.ft (2024)
• CHINKONA 1st DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 2nd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 6th DIVISION: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chidhambaranar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total to Rs 40,500. 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 detailed calculations.

Which Sub Registrar Office covers Chidhambaranar Nagar?

The Sub Registrar Office that covers Chidhambaranar Nagar is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, 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 Anaimalai Hills

The guideline value is a crucial factor in property transactions within Anaimalai Hills, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions. Ensuring that the property is registered at or above the guideline value is necessary to comply with legal requirements.

Frequently asked questions

What is the current guideline value of Chidhambaranar Nagar?

The current guideline value of Chidhambaranar Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 450 per sq.ft. The value increased from Rs 205 per sq.ft in 2007 to Rs 450 in 2012, then decreased to Rs 301 in 2017, before returning to Rs 450 in 2023 and 2024.

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

The stamp duty for a property valued at Rs 4,50,000 is Rs 31,500, and the registration fee is Rs 9,000, totaling Rs 40,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Chidhambaranar Nagar?

The Anaimalai Sub Registrar Office covers Chidhambaranar Nagar, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

What is the land classification of Chidhambaranar Nagar?

Chidhambaranar Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.