Guideline Value for Chellandiamman Nagar

Chellandiamman Nagar guideline value

The current guideline value of Chellandiamman Nagar is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Peedampalli village under the Singanallur SRO, classified as Residential Class III Type - I.

How the guideline value of Chellandiamman Nagar has changed

The guideline value for Chellandiamman Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the most recent 2024 revision raised it further to Rs 110 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft, with a median value of Rs 165 per sq.ft. Chellandiamman Nagar's current guideline value is below this median.

• Cheran Nagar: Rs 110 per sq.ft (2024)
• Brindavan nagar: Rs 220 per sq.ft (2024)
• Diamond Avenue Phase-I: Rs 425 per sq.ft (2024)
• Diamond Avenue Phase-II: Rs 425 per sq.ft (2024)
• Diamond Avenue Phase III: Rs 660 per sq.ft (2024)
• Duraisamy Nagar: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Chellandiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total cost for these fees to Rs 9,900. 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 detailed calculations.

Which Sub Registrar Office covers Chellandiamman Nagar?

The Sub Registrar Office that covers Chellandiamman Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peedampalli. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the fees reflect the current market value of the property being transferred.

Frequently asked questions

What is the current guideline value of Chellandiamman Nagar?

The current guideline value of Chellandiamman Nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Chellandiamman Nagar?

Chellandiamman Nagar is classified as Residential Class III Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,900.

Which office handles the registration for Chellandiamman Nagar?

The Singanallur Sub Registrar Office handles registrations for Chellandiamman Nagar, located on Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.