Guideline Value for CHENNANUR St.No-1,2

CHENNANUR St.No-1,2 guideline value

The current guideline value for CHENNANUR St.No-1,2 is Rs 140 per sq.ft, effective from 1 July 2024. This street is located in Thenkarai village under the Thondamuthur SRO and is classified as Residential Class I Type - I.

How the guideline value of CHENNANUR St.No-1,2 has changed

The guideline value for CHENNANUR St.No-1,2 has seen significant changes over the years. In 2003, the value was Rs 40 per sq.ft, which increased to Rs 125 per sq.ft in 2012. However, it then decreased to Rs 84 per sq.ft in 2017. The value rose to Rs 126 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 140 per sq.ft, marking an increase of 11% from the previous year. The register has no figures for the years 2002 and 2007 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 250%. The changes between revisions include a 213% increase from 2003 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 50% from 2017 to 2023.

Guideline values in Thenkarai

In Thenkarai village, there are 14 streets under the Thondamuthur SRO that carry a 2024 guideline value, all set at Rs 140 per sq.ft, with the median also at Rs 140 per sq.ft. CHENNANUR St.No-1,2 is aligned with this median value.

• CHENNANUR St.No-1: Rs 140 per sq.ft (2024)
• CHENNANUR St.No-1,2,3,4: Rs 140 per sq.ft (2024)
• CHENNANUR St.No-3: Rs 140 per sq.ft (2024)
• CHENNANUR St.No-4: Rs 140 per sq.ft (2024)
• KARADIMADAI St.No -1: Rs 140 per sq.ft (2024)
• KARADIMADAI St.No. 2: Rs 140 per sq.ft (2024)

Stamp duty and registration fee for property in CHENNANUR St.No-1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 140 per sq.ft, the total guideline value amounts to Rs 1,40,000. The stamp duty at 7% would be Rs 9,800, and the registration fee at 2% would be Rs 2,800, bringing the total fees together to Rs 12,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHENNANUR St.No-1,2?

The Sub Registrar Office covering CHENNANUR St.No-1,2 is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, 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 Thenkarai

The guideline value is a critical factor when buying or selling property in Thenkarai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions, reflecting the official value of the property as determined by the registration department.

Frequently asked questions

What is the current guideline value for CHENNANUR St.No-1,2?

The current guideline value for CHENNANUR St.No-1,2 is Rs 140 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2003 to Rs 140 per sq.ft in 2024, reflecting an overall increase of 250% over this period.

What are the other streets in Thenkarai with the same guideline value?

Other streets in Thenkarai that share the same guideline value of Rs 140 per sq.ft include CHENNANUR St.No-1, CHENNANUR St.No-1,2,3,4, CHENNANUR St.No-3, CHENNANUR St.No-4, KARADIMADAI St.No -1, and KARADIMADAI St.No. 2.

What are the stamp duty and registration fees for a property in CHENNANUR St.No-1,2?

The stamp duty for a property valued at Rs 1,40,000 would be Rs 9,800, and the registration fee would be Rs 2,800, totaling Rs 12,600 in fees.

Which Sub Registrar Office covers the area of CHENNANUR St.No-1,2?

The Thondamuthur Sub Registrar Office covers CHENNANUR St.No-1,2, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.