Guideline Value

Corporate

Guideline Value for Chandramani Nagar

₹370/sq.ft.

The guideline value for Chandramani Nagar in Gudalur village (Periyanayakkan Palayam SRO, Coimbatore zone) is Rs 370 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 23% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Gudalur

Village

Periyanayakkan Palayam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹370 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.171,kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020
0422-2469010
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Chandramani Nagar

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Chandramani Nagar guideline value

The current guideline value of Chandramani Nagar is Rs 370 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village and falls under the Periyanayakkan Palayam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Chandramani Nagar has changed

The guideline value of Chandramani Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the 2023 revision increased the value significantly to Rs 300 per sq.ft, and the latest revision in 2024 has raised it further to Rs 370 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

When examining the changes between these revisions, we see that the increase from 2017 to 2023 was 49%, while the change from 2023 to 2024 reflects a 23% rise. Overall, from 2012 to 2024, the guideline value has increased by 23% despite the dip observed between 2012 and 2017.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 320 to Rs 1,110 per sq.ft. The median value for these streets is Rs 370 per sq.ft, which is equal to the current guideline value of Chandramani Nagar. Below are some of the other streets in Gudalur with their respective guideline values:

Stamp duty and registration fee for property in Chandramani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 370 per sq.ft, the total guideline value amounts to Rs 3,70,000. The stamp duty at 7% would be Rs 25,900, and the registration fee at 2% would be Rs 7,400, bringing the total cost for these fees to Rs 33,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandramani Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Gudalur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to facilitate a smooth transaction.

During the registration of a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chandramani Nagar?

The current guideline value of Chandramani Nagar is Rs 370 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 370 per sq.ft in 2024.

What is the land classification of Chandramani Nagar?

The land classification for Chandramani Nagar is Residential Class II Type - I.

Where is the Sub Registrar Office for Chandramani Nagar located?

The Sub Registrar Office for Chandramani Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 3,70,000, leading to specific fees based on that amount.