Guideline Value for Chidambaram Colony

Chidambaram Colony guideline value

The current guideline value of Chidambaram Colony, located in Kumarapalayam village, is Rs 1,000 per sq.ft. This value is set under the Coimbatore South Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Chidambaram Colony has changed

The guideline value for Chidambaram Colony has remained consistent at Rs 1,000 per sq.ft since the 2023 revision and is set to continue at this rate in the 2024 revision effective from 1 July 2024. Prior to the 2023 revision, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has not changed between the 2023 and 2024 revisions, reflecting a change of +0%. The current figure of Rs 1,000 per sq.ft is indicative of the street's classification and the overall context of the area.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft, with a median value of Rs 1,001 per sq.ft. Chidambaram Colony's guideline value is below this median.

• Cheran Nagar: Rs 1,000 per sq.ft (2024)
• C.G.V.Nagar: Rs 1,000 per sq.ft (2024)
• Chokkampudur Oorkattu: Rs 1,000 per sq.ft (2024)
• Chokkampudur Road: Rs 1,550 per sq.ft (2024)
• Brindavan Garden: Rs 1,000 per sq.ft (2024)
• Bright Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaram Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. 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 Chidambaram Colony?

The Chidambaram Colony falls under the jurisdiction of the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kumarapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Chidambaram Colony?

The current guideline value of Chidambaram Colony is Rs 1,000 per sq.ft, effective from the 2024 revision starting 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision and continues at this rate in the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Chidambaram Colony?

Chidambaram Colony is classified under Residential Class I Type - II. This classification is important for understanding the context of the guideline value.

What is the registration fee for a property in Chidambaram Colony?

The registration fee for a property is calculated based on the guideline value. For example, for a 1,000 sq.ft plot valued at Rs 10,00,000, the registration fee would be Rs 20,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Chidambaram Colony?

The Sub Registrar Office covering Chidambaram Colony is located at No.410a, Raja Street, Coimbatore-641001. You can find more details by visiting the relevant link.