Guideline Value for CHIKKANNAN STREET

Chikkannan Street guideline value

The current guideline value of Chikkannan Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Anaimalai village, under the Anaimalai SRO, and is classified as Residential Class II Type - III.

How the guideline value of Chikkannan Street has changed

The guideline value for Chikkannan Street has seen several revisions over the years. In 2002, the value was Rs 64 per sq.ft, which then increased to Rs 59 per sq.ft in 2003. The value rose to Rs 65 per sq.ft in 2007, followed by a significant jump to Rs 200 per sq.ft in 2012. However, it dropped to Rs 134 per sq.ft in 2017 before stabilizing at Rs 200 per sq.ft from 2017 to 2023. The current value remains at Rs 200 per sq.ft as of the 2024 revision.

Between the revisions, the most notable changes include a 208% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The overall change from 2002 to 2024 is an increase of 213%. There are no years in the register that lack figures for this street.

Guideline values in Anaimalai

Anaimalai village has a total of 144 streets under the Anaimalai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 826 per sq.ft, with a median value of Rs 326 per sq.ft. Chikkannan Street's 2024 figure is below this median.

• Brindavan Nagar: Rs 350 per sq.ft (2024)
• Bright Garden: Rs 326 per sq.ft (2024)
• Doctors Colony: Rs 300 per sq.ft (2024)
• Eagle Garden: Rs 350 per sq.ft (2024)
• East Siviar Street: Rs 200 per sq.ft (2024)
• Gandhi Ma Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Chikkannan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chikkannan Street?

The Sub Registrar Office that covers Chikkannan Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anaimalai. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the authorities will assess the higher value between the guideline value and the sale price to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chikkannan Street?

The current guideline value of Chikkannan Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 64 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, with various revisions in between, including a drop to Rs 134 per sq.ft in 2017.

What is the land classification for Chikkannan Street?

Chikkannan Street is classified as Residential Class II Type - III according to the local authority regulations.

What are the stamp duty and registration fees for a property in Chikkannan Street?

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Chikkannan Street located?

The Sub Registrar Office for Chikkannan Street is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, in the Coimbatore registration zone.