Guideline Value for CHINNAN NAGAR 1 - 6 STREET

Chinnan Nagar 1 - 6 Street guideline value

The current guideline value of Chinnan Nagar 1 - 6 Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in the village of Ward - K under the Tiruppur Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Chinnan Nagar 1 - 6 Street has changed

In the 2017 revision, the guideline value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

Prior to the 2017 revision, the guideline value was Rs 750 per sq.ft in 2012, which was a decrease of 33% from Rs 605 per sq.ft in 2007. The overall change from 2007 to 2024 shows an increase of 39%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft, with a median of Rs 1,120 per sq.ft. The guideline value of Chinnan Nagar 1 - 6 Street is below this median.

• Chinnan Nagar: Rs 840 per sq.ft (2024)
• Chinnan Nagar East: Rs 840 per sq.ft (2024)
• Chinnan Nagar North: Rs 840 per sq.ft (2024)
• Church Street (Avinashi Road): Rs 3,920 per sq.ft (2024)
• Chakkilliar Street: Rs 780 per sq.ft (2024)
• Duraisamypuram 1 St Street: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnan Nagar 1 - 6 Street

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnan Nagar 1 - 6 Street?

The Chinnan Nagar 1 - 6 Street is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ward - K. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value will be used to calculate the fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This value helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Chinnan Nagar 1 - 6 Street?

The current guideline value of Chinnan Nagar 1 - 6 Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 840 per sq.ft in 2024, with several revisions in between, including Rs 750 per sq.ft in 2023.

What is the land classification for Chinnan Nagar 1 - 6 Street?

Chinnan Nagar 1 - 6 Street is classified as Residential Class IV Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 75,600.

Which office handles registrations for Chinnan Nagar 1 - 6 Street?

The Tiruppur Joint I Sub Registrar Office handles registrations for Chinnan Nagar 1 - 6 Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.