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Guideline Value

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Guideline Value for Bramana Chinna Street (or)New Street

₹825/sq.ft.

The guideline value for Bramana Chinna Street (or)new Street in Sathyamanagalam village (Sathyamangalam SRO, Coimbatore zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Sathyamanagalam

Village

Sathyamangalam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹245 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.75, Municipal Primary School, North Street,atthani Road, Sathyamangalam - 638401.
04295-299931
[email protected]

DRO (District Registrar Office)

Integrated Reistration Complex, 81 Old Hospital Rd, Near Market, Gobichettipalayam - 638452
04285-222014
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Bramana Chinna Street (or)new Street

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Bramana Chinna Street (or)New Street guideline value

The current guideline value of Bramana Chinna Street (or)New Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Sathyamanagalam village and falls under the Sathyamangalam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bramana Chinna Street (or)New Street has changed

Over the years, the guideline value of Bramana Chinna Street (or)New Street has seen several revisions. The 2007 revision recorded a value of Rs 245 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, this value dropped to Rs 502 per sq.ft in the 2017 revision. The subsequent revisions saw an increase, with the 2023 revision setting the value at Rs 750 per sq.ft, followed by a rise to Rs 825 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the value increased by 206%, but then it decreased by 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 237%.

Guideline values in Sathyamanagalam

In Sathyamanagalam, there are 33 streets under the Sathyamangalam SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 660 per sq.ft, placing Bramana Chinna Street (or)New Street above this median with its value of Rs 825 per sq.ft.

Stamp duty and registration fee for property in Bramana Chinna Street (or)New Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bramana Chinna Street (or)New Street?

The Sub Registrar Office that covers Bramana Chinna Street (or)New Street is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the property registration process in Sathyamanagalam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the actual sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bramana Chinna Street (or)New Street?

The current guideline value of Bramana Chinna Street (or)New Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 237% over the years.

What is the land classification for Bramana Chinna Street (or)New Street?

The land classification for Bramana Chinna Street (or)New Street is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sathyamangalam Sub Registrar Office?

The Sathyamangalam Sub Registrar Office is located at No.75, Municipal Primary School, North Street, Athani Road, Sathyamangalam - 638401, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 825 per sq.ft would incur a total of Rs 74,250 in fees.