Guideline Value for CHOLAN NAGAR

Cholan Nagar guideline value

The current guideline value of Cholan Nagar is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Cholan Nagar has changed

The guideline value for Cholan Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in 2017. However, in 2023, the value increased to Rs 400 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 448 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 12% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with a 2024 guideline value ranging from Rs 331 to Rs 1,120 per sq.ft. The median value is Rs 448 per sq.ft, which is equal to the current guideline value for Cholan Nagar.

• Chinnaypudhur: Rs 448 per sq.ft (2024)
• Chinnasamy Aachiriar Veethi: Rs 1,120 per sq.ft (2024)
• Court Street: Rs 616 per sq.ft (2024)
• Covai Road After Agasthilingampalayam: Rs 336 per sq.ft (2024)
• Covai Road ( From Roundana To Webrigde): Rs 1,120 per sq.ft (2024)
• Covai Road ( From Webrigde To Agasthilingampalayam): Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. It is important to note that the 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 on fees applicable to your property.

Which Sub Registrar Office covers Cholan Nagar?

The Sub Registrar Office that covers Cholan Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Cholan Nagar?

The current guideline value of Cholan Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 400 per sq.ft in 2023 to Rs 448 per sq.ft in 2024, marking a 12% increase.

What is the land classification of Cholan Nagar?

Cholan Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot valued at Rs 448 per sq.ft, the total guideline value is Rs 4,48,000, with stamp duty at Rs 31,360 and registration fees at Rs 8,960, totaling Rs 40,320.

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

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.