Guideline Value for Chenniyappa Nagar (Utumalai Road)

Chenniyappa Nagar (Utumalai Road) guideline value

The current guideline value of Chenniyappa Nagar (Utumalai Road) is Rs 1,820 per sq.ft, effective from 1 July 2024. This area is located in Dharapuram Ward 7 village, under the Dharapuram SRO, and is classified as Residential Special Type - I.

How the guideline value of Chenniyappa Nagar (Utumalai Road) has changed

The guideline value for Chenniyappa Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 1,650 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 1,105 per sq.ft. In 2023, the value increased significantly to Rs 1,650 per sq.ft, and the latest revision in 2024 has set it at Rs 1,820 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from the 2012 figure to the 2024 figure shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Dharapuram Ward 7

In Dharapuram Ward 7, there are 52 streets under the Dharapuram SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 1,820 per sq.ft. The median guideline value for these streets is Rs 1,330 per sq.ft, placing Chenniyappa Nagar's current value above the median.

• Chettiyar Thottam: Rs 770 per sq.ft (2024)
• Bye Bass Road: Rs 1,820 per sq.ft (2024)
• College Road (Housing Unit House Site): Rs 770 per sq.ft (2024)
• Dhanalakshmi Nagar (Thatchamputhur Road): Rs 770 per sq.ft (2024)
• Doctor Queaters: Rs 770 per sq.ft (2024)
• Ellies Nagar C.S.I.Compound east: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Chenniyappa Nagar (Utumalai Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,820 per sq.ft, the total guideline value amounts to Rs 18,20,000. The stamp duty at 7% would be Rs 1,27,400, and the registration fee at 2% would be Rs 36,400, bringing the total to Rs 1,63,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chenniyappa Nagar (Utumalai Road)?

The Sub Registrar Office that covers Chenniyappa Nagar (Utumalai Road) is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 7

The guideline value is a crucial factor in the registration process of property transactions in Dharapuram Ward 7. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chenniyappa Nagar (Utumalai Road)?

The current guideline value of Chenniyappa Nagar (Utumalai Road) is Rs 1,820 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2012 to Rs 1,105 per sq.ft in 2017, then back to Rs 1,650 per sq.ft in 2023, and currently stands at Rs 1,820 per sq.ft as of 2024.

What is the land classification for Chenniyappa Nagar?

Chenniyappa Nagar (Utumalai Road) is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for Chenniyappa Nagar is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How do I calculate stamp duty and registration fees?

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 fees would amount to Rs 1,63,800.