Guideline Value for CHRISTIAN COLONY

Christian Colony guideline value

The current guideline value of Christian Colony in Nallur village, under the Nallur_Tiruppur SRO, is Rs 840 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Christian Colony has changed

The guideline value for Christian Colony has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 750 per sq.ft, and the latest 2024 revision raised it further to Rs 840 per sq.ft.

In terms of percentage changes, the guideline value increased by 12% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. Conversely, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Nallur

In Nallur, a total of 280 streets fall under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value in this area is Rs 714 per sq.ft, placing Christian Colony's 2024 figure above this median.

• C.K.Marappagounder Nagar: Rs 708 per sq.ft (2024)
• Chithralaya Nagar: Rs 704 per sq.ft (2024)
• Convent Nagar: Rs 1,064 per sq.ft (2024)
• Cheran Nagar: Rs 913 per sq.ft (2024)
• Cheran Employees Garden: Rs 712 per sq.ft (2024)
• Chennimalaipalayam Nattham: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Christian Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty, charged at 7%, would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. 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 further calculations.

Which Sub Registrar Office covers Christian Colony?

The Sub Registrar Office that covers Christian Colony is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Nallur

The guideline value is a crucial factor during property registration in Nallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Christian Colony?

The current guideline value of Christian Colony is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 840 per sq.ft in 2024.

What is the land classification of Christian Colony?

The land classification for Christian Colony is Mixed Special Type - I.

What are the stamp duty and registration fees for property in Christian Colony?

For a property valued at Rs 8,40,000, the stamp duty is Rs 58,800, and the registration fee is Rs 16,800, totaling Rs 75,600.

Where is the Sub Registrar Office for Christian Colony located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.