Guideline Value for Chinnadurai Nagar

Chinnadurai Nagar guideline value

The current guideline value of Chinnadurai Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area falls under Ward-3 village, Coimbatore North Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinnadurai Nagar has changed

The guideline value for Chinnadurai Nagar has seen several revisions over the years. In 2007, the value was Rs 560 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking a rise of 221%. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, a drop of 33%. The value then rose again to Rs 1,800 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,000 per sq.ft, which is an 11% increase from the previous year.

The register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 257%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,800 per sq.ft. Chinnadurai Nagar's 2024 figure is above this median.

• Chellammal Nagar: Rs 2,000 per sq.ft (2024)
• Chokkampudur Road (South Side) Lane: Rs 2,000 per sq.ft (2024)
• Chokkampudur Road (South Side) Main: Rs 2,000 per sq.ft (2024)
• Coimbatore Fruit Market: Rs 3,900 per sq.ft (2024)
• Bye-pass Road: Rs 2,500 per sq.ft (2024)
• Dharmaraja Kovil Lane Lane: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnadurai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. Together, these fees would total Rs 1,80,000. 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 Chinnadurai Nagar?

The Sub Registrar Office covering Chinnadurai Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-3

When buying or selling property in Ward-3, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Chinnadurai Nagar?

The current guideline value of Chinnadurai Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 560 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 257% over the years.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 20,00,000. The stamp duty would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers Chinnadurai Nagar?

The Coimbatore North Joint 1 Sub Registrar Office covers Chinnadurai Nagar, located at Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Chinnadurai Nagar?

Chinnadurai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.