Guideline Value for Chandhira Nagar

Chandhira Nagar guideline value

The current guideline value of Chandhira Nagar is Rs 200 per sq.ft, as per the 2023 revision. This area falls under Idikarai village and is classified as Residential Class II Type - I, governed by the Periyanayakkan Palayam SRO.

How the guideline value of Chandhira Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure decreased to Rs 67 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 200 per sq.ft, reflecting a change of 199%. Overall, from 2012 to 2023, the guideline value has increased by 100%.

The register does not have figures for the years 2002, 2003, 2007, and 2024 for this street. Therefore, the only revisions available are from 2012, 2017, and 2023.

Guideline values in Idikarai

Currently, there are no specific village figures available for Idikarai. Chandhira Nagar is one of the streets under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Chandhira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandhira Nagar?

The Sub Registrar Office that covers Chandhira Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Idikarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the legal value of the property. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Chandhira Nagar?

The current guideline value of Chandhira Nagar is Rs 200 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, and then increased to Rs 200 per sq.ft in 2023. Overall, this represents a 100% increase from 2012 to 2023.

What is the registration office for Chandhira Nagar?

The registration office for Chandhira Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What are the stamp duty and registration fees for property in Chandhira Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000.

Are there other streets in Idikarai with guideline values?

Currently, there are no other streets in Idikarai listed with guideline values under the Periyanayakkan Palayam SRO.