Guideline Value for CHINTHAMANI NAGAR

Chinthamani Nagar guideline value

The current guideline value of Chinthamani Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Krinshnarayapuram village, under the Peelamedu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinthamani Nagar has changed

The guideline value for Chinthamani Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, and further rose to Rs 1,870 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Krinshnarayapuram

Krinshnarayapuram has a total of 57 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,005 per sq.ft, placing Chinthamani Nagar's 2024 figure above this median.

• Duraisamy Layout: Rs 1,005 per sq.ft (2024)
• East Street: Rs 1,005 per sq.ft (2024)
• E.B.Colony: Rs 1,005 per sq.ft (2024)
• FCI Road: Rs 1,270 per sq.ft (2024)
• Ganapathi Main Road: Rs 1,870 per sq.ft (2024)
• Gandhi Nagar: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Chinthamani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total cost for these fees Rs 1,68,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinthamani Nagar?

The Sub Registrar Office that covers Chinthamani Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for additional information.

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

The guideline value is a critical factor in property transactions in Krinshnarayapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chinthamani Nagar?

The current guideline value of Chinthamani Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the stamp duty for property in Chinthamani Nagar?

The stamp duty for property in Chinthamani Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For a guideline value of Rs 18,70,000, the stamp duty would be Rs 1,30,900.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. This office handles the registration of properties in Chinthamani Nagar.

What is the median guideline value in Krinshnarayapuram?

The median guideline value for streets in Krinshnarayapuram is Rs 1,005 per sq.ft, with Chinthamani Nagar's value being above this median at Rs 1,870 per sq.ft.