Guideline Value for Chozhan Nagar

Chozhan Nagar guideline value

The current guideline value of Chozhan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chozhan Nagar has changed

The guideline value for Chozhan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 1,000 per sq.ft, where it remained for the 2024 revision as well.

From 2017 to 2023, there was an increase of 87%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 25%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. Chozhan Nagar's 2024 guideline value aligns with this median.

• Church Street: Rs 1,000 per sq.ft (2024)
• Church Street (Annapoorani Layout): Rs 1,000 per sq.ft (2024)
• Classic Garden: Rs 1,000 per sq.ft (2024)
• Classic Garden Extn.,: Rs 1,020 per sq.ft (2024)
• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Co-operative Colony: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Chozhan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that 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 details.

Which Sub Registrar Office covers Chozhan Nagar?

The Sub Registrar Office that covers Chozhan Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kavundampalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented legally and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Chozhan Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then increased to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, which is the same as the current guideline value for Chozhan Nagar.

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

For a property valued at Rs 10,00,000, the stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Chozhan Nagar?

The Vadavalli Sub Registrar Office handles registrations for Chozhan Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.