Guideline Value for CONVENT NAGAR

Convent Nagar guideline value

The current guideline value of Convent Nagar is Rs 1,064 per sq.ft, effective from 1 July 2024. This locality is situated in Nallur village, under the Nallur_Tiruppur SRO, and falls under the Commercial Class I Type - II land classification.

How the guideline value of Convent Nagar has changed

The guideline value for Convent Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 950 per sq.ft in 2012. However, it decreased to Rs 636 per sq.ft in 2017. The value then rose to Rs 950 per sq.ft in 2023, before reaching the current rate of Rs 1,064 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 166%. The change from 2023 to 2024 was 12%, while the increase from 2017 to 2023 was 49%. Notably, there was a decrease of 33% from 2012 to 2017, and a remarkable increase of 138% from 2007 to 2012.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Convent Nagar's 2024 figure above that median.

• C.K.Marappagounder Nagar: Rs 708 per sq.ft (2024)
• Christian Colony: Rs 840 per sq.ft (2024)
• Chithralaya Nagar: Rs 704 per sq.ft (2024)
• Dharapuram Road: Rs 1,137 per sq.ft (2024)
• Cheran Nagar: Rs 913 per sq.ft (2024)
• Cheran Employees Garden: Rs 712 per sq.ft (2024)

Stamp duty and registration fee for property in Convent Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,064 per sq.ft, the total guideline value would be Rs 10,64,000. The stamp duty, charged at 7%, would amount to Rs 74,480, while the registration fee at 2% would be Rs 21,280. Together, the total cost for stamp duty and registration would be Rs 95,760. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Convent Nagar?

The Sub Registrar Office that covers Convent Nagar 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 plays a crucial role during the registration of property transactions in Nallur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller registers a property, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in establishing a standard for property transactions, making it essential for both parties involved in the sale.

Frequently asked questions

What is the current guideline value of Convent Nagar?

The current guideline value of Convent Nagar is Rs 1,064 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,064 per sq.ft in 2024, reflecting an overall increase of 166% over this period.

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

For a property valued at Rs 10,64,000, the stamp duty would be Rs 74,480 and the registration fee would be Rs 21,280, totaling Rs 95,760.

Which office handles property registrations in Nallur?

The Nallur_Tiruppur Sub Registrar Office handles property registrations in Nallur, located near Hotel Riverview, Nagapattinam 611002.

What is the land classification for Convent Nagar?

Convent Nagar is classified as Commercial Class I Type - II, which influences its guideline value and potential uses.