Guideline Value for COLLEGE NAGAR

College Nagar guideline value

The current guideline value of College Nagar is Rs 1,045 per sq.ft, effective from 1 July 2024. This area is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class II Type - I.

How the guideline value of College Nagar has changed

The guideline value for College Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 335 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased this value to Rs 1,045 per sq.ft, marking a 5% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 212%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,055 per sq.ft, placing College Nagar's 2024 figure slightly below this median.

• Coconut Valley: Rs 1,010 per sq.ft (2024)
• C.N.Vasantham Nagar (Kalappatti): Rs 1,045 per sq.ft (2024)
• Corral Enclave: Rs 1,010 per sq.ft (2024)
• Civil Aerodrome Road: Rs 2,010 per sq.ft (2024)
• Cotton City: Rs 1,055 per sq.ft (2024)
• Cri Nagar: Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in College Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would amount to Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total fees to Rs 94,050. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers College Nagar?

The Sub Registrar Office that covers College Nagar is the Gandhipuram Sub Registrar Office, located at SRO Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in KALAPATTY_East. 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 helps in calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of College Nagar?

The current guideline value of College Nagar is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,045 per sq.ft in 2024, marking a total increase of 212% over this period.

What is the land classification of College Nagar?

College Nagar is classified as Residential Class II Type - I under the Gandhipuram SRO.

Where is the Sub Registrar Office for College Nagar located?

The Gandhipuram Sub Registrar Office is located at SRO Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would be Rs 94,050.