Guideline Value for CHOLAN Nagar (Ward No. 18)

CHOLAN Nagar (Ward No. 18) guideline value

The current guideline value of CHOLAN Nagar (Ward No. 18) is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village and falls under the Vadavalli SRO, classified as Residential Class I Type - III.

How the guideline value of CHOLAN Nagar (Ward No. 18) has changed

The guideline value for CHOLAN Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then increased to Rs 469 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 113%. The most recent revision in 2024 saw a slight increase to Rs 1,001 per sq.ft, which is a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for CHOLAN Nagar (Ward No. 18) is below this median.

• CHOLAN NAGAR Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• Chozhan Nagar: Rs 1,100 per sq.ft (2024)
• Classic Gardens: Rs 1,100 per sq.ft (2024)
• Chinnasamy Gounder Street: Rs 1,000 per sq.ft (2024)
• C.S. Nagar: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in CHOLAN Nagar (Ward No. 18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers CHOLAN Nagar (Ward No. 18)?

The Sub Registrar Office that covers CHOLAN Nagar (Ward No. 18) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of CHOLAN Nagar (Ward No. 18)?

The current guideline value of CHOLAN Nagar (Ward No. 18) is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024. There was a decrease to Rs 469 per sq.ft in 2017, followed by an increase to Rs 1,000 per sq.ft in 2023.

What is the land classification for CHOLAN Nagar?

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

Where is the Sub Registrar Office for CHOLAN Nagar located?

The Sub Registrar Office for CHOLAN Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How can I calculate the stamp duty and registration fee?

You can calculate the stamp duty and registration fee based on the guideline value or the sale price, whichever is higher. For convenience, use the stamp duty and registration fee calculator.