Guideline Value for CVR NAGAR

Cvr Nagar guideline value

The current guideline value of Cvr Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This locality is situated in Odaiyakulam village under the Anaimalai SRO, classified as Residential Class I Type - I.

How the guideline value of Cvr Nagar has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 167 per sq.ft. The guideline value remained at Rs 250 per sq.ft in the 2023 revision, and there was no change in the 2024 revision, maintaining the value at Rs 250 per sq.ft.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Odaiyakulam

Odaiyakulam village has 72 streets under the Anaimalai SRO, with guideline values ranging from Rs 101 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Cvr Nagar's 2024 figure above this median.

• Dana Lay Out: Rs 200 per sq.ft (2024)
• Chinnappampalayam Main Road: Rs 200 per sq.ft (2024)
• Chellam Nagar: Rs 250 per sq.ft (2024)
• Chella Masaniamman Nagar: Rs 250 per sq.ft (2024)
• Boyar Street: Rs 250 per sq.ft (2024)
• Harizana Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Cvr Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total cost of Rs 22,500. 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 detailed calculations.

Which Sub Registrar Office covers Cvr Nagar?

The Cvr Nagar area falls under the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Odaiyakulam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Cvr Nagar?

The current guideline value of Cvr Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a previous decrease from Rs 167 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the registration office for Cvr Nagar?

The registration office covering Cvr Nagar is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

How is stamp duty calculated for properties in Cvr Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000.

What are the other streets in Odaiyakulam with their guideline values?

Other streets in Odaiyakulam include Dana Lay Out and Chinnappampalayam Main Road at Rs 200 per sq.ft, and Chellam Nagar, Chella Masaniamman Nagar, and Boyar Street at Rs 250 per sq.ft.