Guideline Value for CHINNAMALAI St

CHINNAMALAI St guideline value

The current guideline value of CHINNAMALAI St in Ikkarai Poolvampatti village is Rs 102 per sq.ft, effective from 1 July 2024. This area falls under the Thondamuthur SRO and is classified as Residential Class I Type - I.

How the guideline value of CHINNAMALAI St has changed

The guideline value for CHINNAMALAI St has seen several revisions over the years. In the 2007 revision, the value was Rs 35 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2012. However, this figure dropped to Rs 67 per sq.ft in 2017. The 2023 revision marked an increase to Rs 100 per sq.ft, and the most recent 2024 revision has set the value at Rs 102 per sq.ft, reflecting a 2% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 191%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Ikkarai Poolvampatti

Ikkarai Poolvampatti has 37 streets under the Thondamuthur SRO that carry a guideline value of Rs 102 per sq.ft for 2024, with the median also being Rs 102 per sq.ft. CHINNAMALAI St's 2024 figure aligns with this median.

• ELONGO St: Rs 102 per sq.ft (2024)
• GANDHIJI St: Rs 102 per sq.ft (2024)
• GANDHI St: Rs 102 per sq.ft (2024)
• BHARATHIYAR St: Rs 102 per sq.ft (2024)
• BHARATHI DHASAN St: Rs 102 per sq.ft (2024)
• BAGTHSING St: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in CHINNAMALAI St

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, while the registration fee at 2% would be Rs 2,040, making the total cost for these fees Rs 9,180. It is important to note that the 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 CHINNAMALAI St?

The Sub Registrar Office that covers CHINNAMALAI St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ikkarai Poolvampatti, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property registration. This value helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of CHINNAMALAI St?

The current guideline value of CHINNAMALAI St is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 102 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification for CHINNAMALAI St?

CHINNAMALAI St is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for CHINNAMALAI St?

The Sub Registrar Office for CHINNAMALAI St is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Coimbatore - 641 108.

How is the stamp duty calculated for property in CHINNAMALAI St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 7,140.