Guideline Value for Bank Chinniya Gounder Street

Bank Chinniya Gounder Street guideline value

The current guideline value of Bank Chinniya Gounder Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Bank Chinniya Gounder Street has changed

The guideline value for Bank Chinniya Gounder Street has seen significant changes over the years. The earliest recorded figure is from 2017, where it was Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2023, marking a 200% rise. The latest revision in 2024 shows a further increase to Rs 440 per sq.ft, which is a 47% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 340%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the 2024 figure for Bank Chinniya Gounder Street.

• Bhahavathidevar santhu: Rs 440 per sq.ft (2024)
• Baladhanautham Nagar: Rs 550 per sq.ft (2024)
• Bajanai koil street: Rs 440 per sq.ft (2024)
• Ayyanar Kovil Street: Rs 275 per sq.ft (2024)
• Ayya koil thottam: Rs 275 per sq.ft (2024)
• Avinashi road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bank Chinniya Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bank Chinniya Gounder Street?

The Sub Registrar Office that covers Bank Chinniya Gounder Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Irugur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Bank Chinniya Gounder Street?

The current guideline value of Bank Chinniya Gounder Street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 100 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, which is an overall increase of 340% over the years.

What are the other streets in Irugur with similar guideline values?

Other streets in Irugur with similar guideline values include Bhahavathidevar santhu and Bajanai koil street, both at Rs 440 per sq.ft in 2024.

What is the stamp duty rate for properties in Bank Chinniya Gounder Street?

The stamp duty rate for properties in Bank Chinniya Gounder Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bank Chinniya Gounder Street?

The Sub Registrar Office for Bank Chinniya Gounder Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.