Guideline Value for Chozhan Nagar

Chozhan Nagar guideline value

The current guideline value of Chozhan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chozhan Nagar has changed

The guideline value for Chozhan Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 125 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 700% rise. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, a further increase of 10% from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Vadavalli

In Vadavalli village, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median for these streets is Rs 1,100 per sq.ft, which is the same as the guideline value for Chozhan Nagar.

• CHOLAN Nagar (Ward No. 18): Rs 1,001 per sq.ft (2024)
• CHOLAN NAGAR Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• Classic Gardens: Rs 1,100 per sq.ft (2024)
• Chinnasamy Gounder Street: Rs 1,000 per sq.ft (2024)
• C.S. Nagar: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 1st Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these charges would be Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

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 additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Chozhan Nagar?

The current guideline value of Chozhan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the median guideline value in Vadavalli?

The median guideline value in Vadavalli is Rs 1,100 per sq.ft, which is the same as the current value for Chozhan Nagar.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in Chozhan Nagar?

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