Guideline Value for Chairman Raju Nagar

Chairman Raju Nagar guideline value

The current guideline value of Chairman Raju Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Chairman Raju Nagar has changed

The guideline value for Chairman Raju Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, but then decreased to Rs 670 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023 and is currently set at Rs 1,120 per sq.ft as of the 2024 revision. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The shift from 2012 to 2017 saw a decrease of 33%. The jump from 2007 to 2012 was substantial at 150%. Overall, from 2007 to 2024, the guideline value has risen by 180%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the current value for Chairman Raju Nagar.

• Bykara Office Road: Rs 2,240 per sq.ft (2024)
• Byepass Road: Rs 2,800 per sq.ft (2024)
• Chellappan Street: Rs 1,100 per sq.ft (2024)
• Chenniyappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Brinda Street: Rs 1,120 per sq.ft (2024)
• Chinaraj Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Raju Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. It is important to note that 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 Chairman Raju Nagar?

The Sub Registrar Office that covers Chairman Raju Nagar is the Gandhipuram Sub Registrar Office, located at 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 Sanganur.

The guideline value is a crucial factor during property registration in Sanganur. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When purchasing property, the guideline value serves as a benchmark for assessing the transaction's legitimacy. It ensures that properties are not undervalued, protecting both the government’s revenue and the interests of buyers and sellers.

Frequently asked questions

What is the current guideline value of Chairman Raju Nagar?

The current guideline value of Chairman Raju Nagar is Rs 1,120 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 1,120 per sq.ft in 2024, marking an overall increase of 180% over this period.

What are the stamp duty rates for property in Chairman Raju Nagar?

The stamp duty for property in Chairman Raju Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Chairman Raju Nagar?

The Gandhipuram Sub Registrar Office handles registrations for Chairman Raju Nagar, located at Kalapatti Road, near Saravanampatti Police Station.

What other streets have guideline values in Sanganur?

Other streets in Sanganur include Bykara Office Road, Byepass Road, Chellappan Street, Chenniyappa Gounder Street, Brinda Street, and Chinaraj Nagar, each with their respective guideline values for 2024.