Guideline Value for CHINNAN NAGAR

Chinnan Nagar guideline value

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

How the guideline value of Chinnan Nagar has changed

The guideline value for Chinnan Nagar 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, in 2017, it dropped to Rs 502 per sq.ft. The value then rose significantly to Rs 750 per sq.ft in 2023 and further increased to Rs 840 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 was 12%. 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 that carry a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Chinnan Nagar's current guideline value is below this median.

• Chinnan Nagar 1 - 6 Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be 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. 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 details.

Which Sub Registrar Office covers Chinnan Nagar?

The Chinnan Nagar area 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 during the registration of property in Ward - K. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chinnan Nagar?

The current guideline value of Chinnan Nagar 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 several revisions in between, including a drop in 2017.

What is the classification of land in Chinnan Nagar?

Chinnan Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What other streets have the same guideline value in Ward - K?

Other streets in Ward - K, such as Chinnan Nagar 1 - 6 Street, Chinnan Nagar East, and Chinnan Nagar North, also have a guideline value of Rs 840 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Chinnan Nagar?

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