Guideline Value for CHINKONA 2nd DIVISION

CHINKONA 2nd DIVISION guideline value

The current guideline value for CHINKONA 2nd DIVISION is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Anaimalai Hills village, under the Anaimalai SRO, and is classified as Residential Class II Type - II.

How the guideline value of CHINKONA 2nd DIVISION has changed

The guideline value for CHINKONA 2nd DIVISION has seen significant changes over the years. In 2007, the value was Rs 10 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it dropped to Rs 67 per sq.ft in 2017. From 2017 to 2023, the value surged to Rs 300 per sq.ft, marking a 348% increase. The current value of Rs 300 per sq.ft remains unchanged from the 2023 revision.

Looking back further, the 2007 to 2012 revision saw a remarkable increase of 900%. Overall, from 2007 to 2024, the guideline value has increased by 2900%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Anaimalai Hills

Anaimalai Hills village has a total of 121 streets under the Anaimalai SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 450 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for CHINKONA 2nd DIVISION.

• CHINKONA 1st DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 6th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 8th DIVISION: Rs 300 per sq.ft (2024)
• Children's Park Street: Rs 302 per sq.ft (2024)

Stamp duty and registration fee for property in CHINKONA 2nd DIVISION

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 accurate calculations.

Which Sub Registrar Office covers CHINKONA 2nd DIVISION?

The CHINKONA 2nd DIVISION is covered by 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 Hills

The guideline value is an essential factor when buying or selling property in Anaimalai Hills. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for CHINKONA 2nd DIVISION?

The current guideline value for CHINKONA 2nd DIVISION is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 10 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, marking an overall increase of 2900%.

What are the stamp duty and registration fees for property in CHINKONA 2nd DIVISION?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 27,000.

Which Sub Registrar Office covers CHINKONA 2nd DIVISION?

The Anaimalai Sub Registrar Office covers CHINKONA 2nd DIVISION, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

Where can I find more information about other streets in Anaimalai Hills?

Information about other streets in Anaimalai Hills can be found in the guideline value register, which lists various streets and their respective guideline values.