Guideline Value for CHIHRAI SAVATI

Chihrai Savati guideline value

The current guideline value of Chihrai Savati is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Poolvampatti village under the Thondamuthur SRO, classified as Residential Class I Type - III.

How the guideline value of Chihrai Savati has changed

The guideline value for Chihrai Savati has seen several revisions over the years. The 2007 revision set the value at Rs 47 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it dropped to Rs 67 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose significantly by 49%, reaching Rs 100 per sq.ft again in 2023. The current guideline value remains unchanged from 2023 to 2024.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 113%.

Guideline values in Poolvampatti

In Poolvampatti, there are 29 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 100 to Rs 750 per sq.ft. The median value is Rs 100 per sq.ft, which is equal to the guideline value for Chihrai Savati.

• Chettiyer St: Rs 100 per sq.ft (2024)
• Booyan St: Rs 100 per sq.ft (2024)
• Elementary School St: Rs 220 per sq.ft (2024)
• Gounda Gounder St: Rs 220 per sq.ft (2024)
• Gounden Gounder Street: Rs 165 per sq.ft (2024)
• Harijana Colony St: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Chihrai Savati

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Please 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 Chihrai Savati?

The Sub Registrar Office that covers Chihrai Savati is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Poolvampatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the local market conditions. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Chihrai Savati?

The current guideline value of Chihrai Savati is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 47 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017. It remained at Rs 100 per sq.ft in both 2023 and 2024.

What is the median guideline value in Poolvampatti?

The median guideline value in Poolvampatti is Rs 100 per sq.ft, which is the same as the guideline value for Chihrai Savati.

How is the stamp duty calculated for properties in Chihrai Savati?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where is the Thondamuthur Sub Registrar Office located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.