Guideline Value for CHINNAN NAGAR NORTH

Chinnan Nagar North guideline value

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

How the guideline value of Chinnan Nagar North has changed

The guideline value for Chinnan Nagar North 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 dropped to Rs 502 per sq.ft in 2017. Following this, the value rose significantly to Rs 750 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 24%. Overall, from 2007 to 2024, the guideline value has increased by 39%. The register does not contain 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. Chinnan Nagar North's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value is Rs 8,40,000. The stamp duty at 7% would amount to 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnan Nagar North?

The Sub Registrar Office that covers Chinnan Nagar North is 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 during the registration of property transactions in Ward - K. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on a standard valuation rather than subjective market assessments.

Frequently asked questions

What is the current guideline value of Chinnan Nagar North?

The current guideline value of Chinnan Nagar North 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 revisions in between, including increases and decreases in specific years.

What is the land classification for Chinnan Nagar North?

Chinnan Nagar North is classified as Residential Class IV Type - I, which indicates its designated use for residential purposes.

What is the registration office for Chinnan Nagar North?

The registration office covering Chinnan Nagar North is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Chinnan Nagar North?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 at a rate of 7%.