Guideline Value for CHINKONA 6th DIVISION

CHINKONA 6th DIVISION guideline value

The current guideline value for CHINKONA 6th DIVISION, located in Anaimalai Hills village under the Anaimalai SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of CHINKONA 6th DIVISION has changed

The guideline value for CHINKONA 6th DIVISION has seen significant changes over the years. In the 2007 revision, the value was Rs 10 per sq.ft, which increased to Rs 100 per sq.ft in 2012. Following that, the value decreased to Rs 67 per sq.ft in 2017. However, from 2017 to 2023, the value surged by 348% to reach Rs 300 per sq.ft, and it remained the same in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 2900%, reflecting the changes made in the revisions over the years.

Guideline values in Anaimalai Hills

In Anaimalai Hills, there are 121 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 450 per sq.ft, with a median value of Rs 300 per sq.ft. CHINKONA 6th DIVISION's 2024 figure matches this median.

• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 8th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd DIVISION: Rs 300 per sq.ft (2024)
• Chinkona Lower Division: Rs 300 per sq.ft (2024)
• CHINKONA 2nd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 1st DIVISION: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in CHINKONA 6th DIVISION

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be 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 duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHINKONA 6th DIVISION?

The Sub Registrar Office covering CHINKONA 6th DIVISION 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 details.

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

The guideline value plays a crucial role in property transactions in Anaimalai Hills. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for CHINKONA 6th DIVISION?

The current guideline value for CHINKONA 6th 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, reflecting a total increase of 2900% over the years.

What is the land classification for CHINKONA 6th DIVISION?

CHINKONA 6th DIVISION is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for CHINKONA 6th DIVISION?

The Anaimalai Sub Registrar Office is responsible for handling registrations for CHINKONA 6th DIVISION, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.