Guideline Value for Cholan Nagar Layout

Cholan Nagar Layout guideline value

The current guideline value of Cholan Nagar Layout is Rs 1,200 per sq.ft. This layout is located in Kuniyamuthur village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Cholan Nagar Layout has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Cholan Nagar Layout. The 2023 revision set the guideline value at Rs 1,100 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2024 revision, marking a change of +9%.

The 2024 revision reflects the current value, which is higher than the previous year. The guideline value has seen a steady increase from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Cholan Nagar Layout's 2024 figure above that median.

• Church Street: Rs 1,001 per sq.ft (2024)
• Classic Park: Rs 1,003 per sq.ft (2024)
• Coimbatore City Government Employees Co.operative Building Society Colony: Rs 1,001 per sq.ft (2024)
• Chinnasamy Pannadi Street: Rs 1,003 per sq.ft (2024)
• Chinnappa Gounder Lane: Rs 1,003 per sq.ft (2024)
• Cosmo Colony: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar Layout

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholan Nagar Layout?

The Cholan Nagar Layout falls under the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kuniyamuthur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the registration department.

When a property transaction occurs, the buyer and seller must consider the guideline value to determine the applicable fees. This value ensures transparency and standardization in property transactions, safeguarding the interests of both parties involved.

Frequently asked questions

What is the current guideline value of Cholan Nagar Layout?

The current guideline value of Cholan Nagar Layout is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cholan Nagar Layout was Rs 1,100 per sq.ft in 2023 and increased to Rs 1,200 per sq.ft in 2024, reflecting a change of +9%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kuniyamuthur?

The median guideline value for the 410 streets in Kuniyamuthur is Rs 1,003 per sq.ft. Cholan Nagar Layout's current value is above this median.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000. Fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Cholan Nagar Layout?

The Sub Registrar Office covering Cholan Nagar Layout is the Coimbatore South Joint 1 SRO, located at No.410a, Raja Street, Coimbatore-641001.