Guideline Value for CHITRA NAGAR

Chitra Nagar guideline value

The current guideline value of Chitra Nagar, located in Veerapandi village under the Periyanayakkan Palayam SRO, is Rs 335 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - IV land classification.

How the guideline value of Chitra Nagar has changed

In the 2023 revision, the guideline value for Chitra Nagar was Rs 301 per sq.ft. From 2023 to 2024, there has been an increase of 11%, bringing the current guideline value to Rs 335 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As we look at the revisions, the only figures available are for 2023 and 2024. The significant increase from Rs 301 to Rs 335 reflects the latest adjustments made in the guideline value register.

Guideline values in Veerapandi

Veerapandi village has a total of 201 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Chitra Nagar's 2024 figure above this median.

• Chola Avenue: Rs 220 per sq.ft (2024)
• Church Road Thiruvalluvar Nagar: Rs 390 per sq.ft (2024)
• Covai Fair Lands: Rs 390 per sq.ft (2024)
• Daimond Park: Rs 220 per sq.ft (2024)
• Devi Nagar: Rs 390 per sq.ft (2024)
• Dhaksin Avenue: Rs 390 per sq.ft (2024)

Stamp duty and registration fee for property in Chitra Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total fees to Rs 30,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chitra Nagar?

The Sub Registrar Office that covers Chitra Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Veerapandi, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction.

It is important to note that the guideline value is updated periodically, reflecting changes in the real estate market. Buyers and sellers should refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Chitra Nagar?

The current guideline value of Chitra Nagar is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chitra Nagar was Rs 301 per sq.ft in 2023. It increased by 11% to Rs 335 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Chitra Nagar?

Chitra Nagar falls under the Residential Class I Type - IV land classification, indicating its designation for residential purposes.

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

For a property valued at Rs 3,35,000, the stamp duty would be Rs 23,450, and the registration fee would be Rs 6,700, totaling Rs 30,150. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chitra Nagar?

The Sub Registrar Office for Chitra Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. This office handles all registration activities for the area.