Guideline Value for CMC GREEN AVENUE

Cmc Green Avenue guideline value

The current guideline value of Cmc Green Avenue is Rs 708 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Cmc Green Avenue has changed

The guideline value for Cmc Green Avenue has seen significant changes over the years. In the 2012 revision, the value was Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value increased dramatically by 479%, reaching Rs 700 per sq.ft. The most recent revision in 2024 saw a slight increase to Rs 708 per sq.ft, marking a 1% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Cmc Green Avenue. Overall, from 2012 to 2024, the guideline value has increased by 293%.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing Cmc Green Avenue's 2024 figure slightly below that median.

• Classic Garden: Rs 1,031 per sq.ft (2024)
• College Pudur: Rs 1,031 per sq.ft (2024)
• Chinnsamygounderlay Out: Rs 708 per sq.ft (2024)
• Chinnapalanisamy Gounder Nagar: Rs 718 per sq.ft (2024)
• Dhanalakshmi Nagar (358): Rs 1,031 per sq.ft (2024)
• Dharapuram Road: Rs 896 per sq.ft (2024)

Stamp duty and registration fee for property in Cmc Green Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total fees to Rs 63,720. 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.

Which Sub Registrar Office covers Cmc Green Avenue?

The Sub Registrar Office that covers Cmc Green Avenue is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 plays a crucial role during the registration of property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the actual sale price, which helps in maintaining a consistent valuation across the real estate market.

Frequently asked questions

What is the current guideline value of Cmc Green Avenue?

The current guideline value of Cmc Green Avenue is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, marking a significant overall increase of 293% over this period.

What is the land classification for Cmc Green Avenue?

Cmc Green Avenue is classified as Residential Class IV Type - II.

Where is the Nallur_Tiruppur Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 708 per sq.ft incurs a total fee of Rs 63,720.