Guideline Value for CHINKONA LOWER DIVISION

Chinkona Lower Division guideline value

The current guideline value of Chinkona Lower 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 Lower Division has changed

Over the years, the guideline value of Chinkona Lower Division has seen significant changes. The earliest recorded figure is from 2003, which was Rs 4 per sq.ft. This increased to Rs 10 per sq.ft in 2007, then to Rs 100 per sq.ft in 2012, marking a 900% increase. However, from 2012 to 2017, the value decreased to Rs 67 per sq.ft, a drop of 33%. The value then surged to Rs 300 per sq.ft in 2023, reflecting a 348% increase. The current revision in 2024 maintains this figure at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there is no recorded figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 7400%, highlighting the substantial growth over the years.

Guideline values in Anaimalai Hills

Anaimalai Hills has 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, placing Chinkona Lower Division's 2024 figure at the same level. Below are other streets in Anaimalai Hills:

• CHINKONA 8th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 6th 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 Lower Division

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Chinkona Lower Division?

The Sub Registrar Office that covers Chinkona Lower 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 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 serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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 Chinkona Lower Division?

The current guideline value of Chinkona Lower 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 4 per sq.ft in 2003 to Rs 300 per sq.ft in 2024, reflecting an overall increase of 7400% over the years.

What is the land classification of Chinkona Lower Division?

Chinkona Lower 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.

Where is the Sub Registrar Office for Chinkona Lower Division located?

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