Guideline Value for Cauvery Nagar

Cauvery Nagar guideline value

The current guideline value of Cauvery Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Ramanathapuram village, under the Peelamedu SRO, and is classified as Residential Class I Type - II.

How the guideline value of Cauvery Nagar has changed

The guideline value for Cauvery Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 219 per sq.ft. This increased to Rs 310 per sq.ft in 2003, followed by a rise to Rs 507 per sq.ft in 2007. The 2012 revision saw a significant increase to Rs 1,500 per sq.ft, but then dropped to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in the 2023 revision, culminating in the current value of Rs 1,650 per sq.ft in the 2024 revision.

Notably, the changes between revisions include a 42% increase from 2002 to 2003, a 64% increase from 2003 to 2007, a 196% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 653%.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Cauvery Nagar is below this median.

• Chinna Ayyavu Thevar Layout: Rs 2,200 per sq.ft (2024)
• Dr.Munasamy Nagar: Rs 2,750 per sq.ft (2024)
• East Devendrar Street: Rs 1,000 per sq.ft (2024)
• East pudur: Rs 1,005 per sq.ft (2024)
• Bharathi Nagar (1 to 6): Rs 1,700 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Cauvery Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total costs together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cauvery Nagar?

The Sub Registrar Office that covers Cauvery Nagar is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ramanathapuram

The guideline value is a critical factor in the registration process when buying or selling property in Ramanathapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during transactions.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cauvery Nagar?

The current guideline value of Cauvery Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 219 in 2002 to Rs 1,650 in 2024, reflecting an overall increase of 653% over the years.

What is the land classification of Cauvery Nagar?

Cauvery Nagar is classified as Residential Class I Type - II, indicating its designation for residential use.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for Cauvery Nagar?

The Peelamedu Sub Registrar Office, which covers Cauvery Nagar, is located at 6/1, Grd Road, Redfields, Coimbatore - 18.