Guideline Value for CHENNANUR St.No-3

CHENNANUR St.No-3 guideline value

The current guideline value of CHENNANUR St.No-3 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-3 has changed

Over the years, the guideline value of CHENNANUR St.No-3 has experienced several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 125 per sq.ft. This figure saw a decrease to Rs 84 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 50%, bringing the guideline value up to Rs 126 per sq.ft. The most recent revision in 2024 has set the value at Rs 140 per sq.ft, marking an 11% increase from the previous year.

It is important to note that there are no recorded figures for CHENNANUR St.No-3 in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%.

Guideline values in Thenkarai

In Thenkarai village, there are 14 streets under the Thondamuthur SRO that carry a 2024 guideline value figure, all set at Rs 140 per sq.ft, with the median also being Rs 140 per sq.ft. This means that the guideline value of CHENNANUR St.No-3 aligns perfectly with the median of the village.

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

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 cost for these fees 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHENNANUR St.No-3?

The Sub Registrar Office that covers CHENNANUR St.No-3 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 details.

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

The guideline value plays a crucial role in property transactions in Thenkarai. It is utilized to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it directly affects the overall cost of the transaction. Ensuring that you are aware of the current guideline value can help in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of CHENNANUR St.No-3?

The current guideline value of CHENNANUR St.No-3 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 125 per sq.ft in 2012 to Rs 140 per sq.ft in 2024, with notable increases in 2023 and 2024.

What is the role of the Sub Registrar Office in property transactions?

The Sub Registrar Office is responsible for the registration of property transactions, including the calculation of stamp duty and registration fees based on the guideline value.

How is the stamp duty calculated for properties in CHENNANUR St.No-3?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 140 per sq.ft incurs a stamp duty of Rs 9,800.

Are there any other streets in Thenkarai with the same guideline value?

Yes, there are several other streets in Thenkarai, including CHENNANUR St.No-1,2,3,4, all carrying the same guideline value of Rs 140 per sq.ft in 2024.