Guideline Value for CHINKONA 8th DIVISION

CHINKONA 8th DIVISION guideline value

The current guideline value of CHINKONA 8th 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 8th DIVISION has changed

The guideline value for CHINKONA 8th 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, marking a rise of 900%. However, from 2012 to 2017, the value decreased to Rs 67 per sq.ft, a decline of 33%. The 2017 revision showed a substantial increase to Rs 300 per sq.ft in 2023, which remained unchanged in the 2024 revision.

From the 2017 revision to 2023, the guideline value increased by 348%. Overall, from 2007 to 2024, the guideline value has risen by 2900%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Anaimalai Hills

In Anaimalai Hills, there are 121 streets under the Anaimalai SRO with a 2024 guideline value ranging from Rs 300 to Rs 450 per sq.ft. The median value is Rs 300 per sq.ft, and CHINKONA 8th DIVISION's 2024 figure aligns with this median.

• CHINKONA 6th DIVISION: Rs 300 per sq.ft (2024)
• Chinkona Lower Division: Rs 300 per sq.ft (2024)
• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd 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 8th 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. 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 8th DIVISION?

The CHINKONA 8th 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 additional information.

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

The guideline value plays a crucial role when buying or selling property in Anaimalai Hills. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions. It is essential for buyers and sellers to understand these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of CHINKONA 8th DIVISION?

The current guideline value of CHINKONA 8th 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, increasing from Rs 10 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, marking an overall increase of 2900% over the years.

What are the stamp duty and registration fees for property in CHINKONA 8th DIVISION?

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 Sub Registrar Office covers CHINKONA 8th DIVISION?

The Anaimalai Sub Registrar Office covers CHINKONA 8th DIVISION, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

What is the land classification for CHINKONA 8th DIVISION?

CHINKONA 8th DIVISION is classified as Residential Class II Type - II, indicating its suitability for residential purposes.