Guideline Value for CHENGUTTUVAN SANDHU

Chenguttuvan Sandhu guideline value

The current guideline value of Chenguttuvan Sandhu is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Ward - D village under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chenguttuvan Sandhu has changed

The guideline value for Chenguttuvan Sandhu has seen several revisions over the years. The earliest recorded value in the register is from 2007, which was Rs 605 per sq.ft. This increased to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017. Following this, the value rose significantly to Rs 750 per sq.ft in 2023, and finally, it reached Rs 840 per sq.ft in the 2024 revision.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. The value rose by 24% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 39%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ward - D

In Ward - D, there are 75 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,455 per sq.ft. Chenguttuvan Sandhu's current guideline value is below this median.

• Chandra Colony 2nd Street: Rs 840 per sq.ft (2024)
• Chandra Colony 1st Street: Rs 840 per sq.ft (2024)
• Chandra Colony: Rs 840 per sq.ft (2024)
• Cotton Mill Road: Rs 1,455 per sq.ft (2024)
• COTTON MILL ROAD 1st to 3rd STREET: Rs 1,455 per sq.ft (2024)
• ELANGO NAGAR 1st to 5th CROSS STREET: Rs 1,455 per sq.ft (2024)

Stamp duty and registration fee for property in Chenguttuvan Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. 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 details.

Which Sub Registrar Office covers Chenguttuvan Sandhu?

The Chenguttuvan Sandhu area falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - D

The guideline value plays a crucial role during the registration of property transactions in Ward - D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Chenguttuvan Sandhu?

The current guideline value of Chenguttuvan Sandhu is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the classification of land in Chenguttuvan Sandhu?

Chenguttuvan Sandhu is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the other streets in Ward - D with the same guideline value?

Other streets in Ward - D that share the same guideline value of Rs 840 per sq.ft include Chandra Colony 2nd Street, Chandra Colony 1st Street, and Chandra Colony.

Where can I find the Sub Registrar Office for Chenguttuvan Sandhu?

The Tiruppur Joint I Sub Registrar Office covers Chenguttuvan Sandhu, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.