Guideline Value for COLLEGE NAGAR

College Nagar guideline value

The current guideline value of College Nagar in Kalapatty_west village is Rs 1,050 per sq.ft, effective from 1 July 2024. This area falls under the Gandhipuram SRO and is 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 earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a substantial rise of 199%. The most recent revision in 2024 has set the guideline value at Rs 1,050 per sq.ft, reflecting a 5% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 213%.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO, with 2024 guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, making College Nagar's 2024 figure slightly below this median.

• C.N.Vasantham Nagar (Kalappatti): Rs 1,050 per sq.ft (2024)
• Civil Aerodrome Road: Rs 2,020 per sq.ft (2024)
• Cotton City: Rs 1,055 per sq.ft (2024)
• Cri Nagar: Rs 1,050 per sq.ft (2024)
• C.R.I.Nagar (Valiyampalayam): Rs 1,050 per sq.ft (2024)
• Chitra -Kalappatti Road: Rs 1,555 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 1,050 per sq.ft, the total guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, bringing the total fees to Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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_west

The guideline value is a critical factor during property registration in Kalapatty_west. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid at the time of the transaction.

Frequently asked questions

What is the current guideline value of College Nagar?

The current guideline value of College Nagar is Rs 1,050 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 1,050 per sq.ft in 2024, representing an overall increase of 213%.

What are the stamp duty and registration fees for properties in College Nagar?

For a property valued at Rs 10,50,000, the stamp duty would be Rs 73,500 and the registration fee would be Rs 21,000, totaling Rs 94,500.

Which office handles property registrations in College Nagar?

The Gandhipuram Sub Registrar Office handles property registrations for College Nagar, located near Saravanampatti Police Station.

What is the significance of the guideline value?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating applicable stamp duty and registration fees during property transactions.