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 property is located in Ward - J 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

Over the years, the guideline value for Chenguttuvan Sandhu has seen several revisions. The 2007 revision set the value at Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value rose significantly to Rs 750 per sq.ft in 2023 and has now reached Rs 840 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

In terms of percentage changes, the value increased by 24% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a growth of 12%. Overall, from 2007 to 2024, the guideline value has increased by 39%.

Guideline values in Ward - J

In Ward - J, there are 209 streets that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Chenguttuvan Sandhu's 2024 guideline value is below this median.

• Chinnagoundanpalayam: Rs 840 per sq.ft (2024)
• B.S.Sundaram Road (Main Road): Rs 3,360 per sq.ft (2024)
• B.S.S ROAD 1st to 3rd CROSS STREEET: Rs 3,360 per sq.ft (2024)
• B.S.S Road 1st Street: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar Cross Street: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar: Rs 3,360 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 to Rs 75,600. It is important to note that the 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 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, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ward - J, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value is updated periodically, reflecting changes in the real estate market and local government policies.

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 are the registration fees for property in Chenguttuvan Sandhu?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800, and the registration fee would be Rs 16,800, totaling Rs 75,600.

What is the land classification of Chenguttuvan Sandhu?

Chenguttuvan Sandhu is classified as Residential Class IV Type - I, which indicates its designation for residential development.

Which office handles registrations for Chenguttuvan Sandhu?

The Tiruppur Joint I Sub Registrar Office is responsible for handling registrations for Chenguttuvan Sandhu, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.