Guideline Value for CHINNAN NAGAR EAST

Chinnan Nagar East guideline value

The current guideline value of Chinnan Nagar East is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chinnan Nagar East has changed

The guideline value for Chinnan Nagar East has seen several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value rose significantly to Rs 750 per sq.ft in 2023, and currently stands at Rs 840 per sq.ft as of the 2024 revision. Notably, the register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, there was an increase of 49%, followed by a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 39%.

Guideline values in Ward - K

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

• Chinnan Nagar 1 - 6 Street: Rs 840 per sq.ft (2024)
• Chinnan Nagar North: Rs 840 per sq.ft (2024)
• Chinnan Nagar: 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 East

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value is 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, bringing the total fees to Rs 75,600. It is important to note that 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 details.

Which Sub Registrar Office covers Chinnan Nagar East?

The Chinnan Nagar East area is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 essential when registering property transactions in Ward - K. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a property is sold, the guideline value is used to determine the minimum sale price for registration purposes. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Chinnan Nagar East?

The current guideline value of Chinnan Nagar East 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 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty rates for properties in Chinnan Nagar East?

The stamp duty for properties in Chinnan Nagar East is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Chinnan Nagar East?

The Tiruppur Joint I Sub Registrar Office handles property registrations in Chinnan Nagar East.

What is the median guideline value in Ward - K?

The median guideline value in Ward - K is Rs 1,120 per sq.ft, while Chinnan Nagar East's 2024 figure is below this median.