Guideline Value for CHINNAMUTHU STREET

Chinnamuthu Street guideline value

The current guideline value of Chinnamuthu Street is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Udumalpettai SRO and is classified as Residential Class V Type - I.

How the guideline value of Chinnamuthu Street has changed

Over the years, the guideline value of Chinnamuthu Street has seen several revisions. The earliest recorded figure is from 2003, which was Rs 83 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2012, marking a rise of 322%. However, it then decreased to Rs 234 per sq.ft in 2017, reflecting a decline of 33%. The guideline value then rose sharply to Rs 350 per sq.ft in 2023, and further increased to Rs 380 per sq.ft in 2024, which is a 9% increase from the previous year.

There are no figures available for the years 2002 and 2007 in the register for this street. From 2017 to 2023, the guideline value increased by 50%, and overall, from 2003 to 2024, it has increased by 358%.

Guideline values in Ward - A

In Ward - A, there are 40 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 1,880 per sq.ft. The median value for these streets is Rs 475 per sq.ft, indicating that Chinnamuthu Street's 2024 figure is below this median.

• Cheran Sengutuvan Lane: Rs 380 per sq.ft (2024)
• Devendrar Street: Rs 380 per sq.ft (2024)
• E.B.Quarters: Rs 700 per sq.ft (2024)
• Express Avenue: Rs 700 per sq.ft (2024)
• Bharathi Nagar: Rs 475 per sq.ft (2024)
• Gopala Iyer Lane: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamuthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total cost for these fees to Rs 34,200. 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 detailed calculations.

Which Sub Registrar Office covers Chinnamuthu Street?

The Sub Registrar Office that covers Chinnamuthu Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - A

The guideline value is a critical factor in the registration process when buying or selling property in Ward - A. It serves as the basis for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the government receives the appropriate fees based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Chinnamuthu Street?

The current guideline value of Chinnamuthu Street is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 83 per sq.ft in 2003 to Rs 380 per sq.ft in 2024, reflecting an overall increase of 358% over this period.

What is the registration fee for property in Chinnamuthu Street?

The registration fee for property in Chinnamuthu Street is calculated based on the guideline value. For example, for a property valued at Rs 3,80,000, the registration fee at 2% would be Rs 7,600.

Where is the Sub Registrar Office for Chinnamuthu Street located?

The Sub Registrar Office for Chinnamuthu Street is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.

What other streets have the same guideline value as Chinnamuthu Street?

Other streets in Ward - A that share the same guideline value of Rs 380 per sq.ft as Chinnamuthu Street include Cheran Sengutuvan Lane and Devendrar Street.