Guideline Value for CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET (97/8,110/1 to6,108/2 TO 10)

CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET (97/8,110/1 to6,108/2 TO 10) guideline value

The current guideline value of CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET is Rs 226 per sq.ft, effective from 1 July 2024. This street is located in Salangapalayam village, under the Kavundapadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET (97/8,110/1 to6,108/2 TO 10) has changed

The guideline value for this street has undergone several revisions since 2007. In 2007, the value was Rs 26 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 226 per sq.ft, and it remained the same through the 2024 revision.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. The overall increase from the 2007 revision to the 2024 revision is 769%, highlighting a substantial change over the years.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO that have a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 226 per sq.ft, which matches the guideline value for CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET.

• Dharampuri 2nd Street (308/9,309/1,21,22): Rs 426 per sq.ft (2024)
• Dharampuri 3rd Street (308/10,309/3,22): Rs 426 per sq.ft (2024)
• Dharampuri 4th Street (308/10,309/6): Rs 426 per sq.ft (2024)
• Dharampuri 5th Street (306/2,309/11,12): Rs 426 per sq.ft (2024)
• Dharumaapuri Colony (244/2): Rs 426 per sq.ft (2024)
• Enjaram 1st Street (502/1,2,541/19,20): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET (97/8,110/1 to6,108/2 TO 10)

For a 1,000 sq.ft plot at the current rate of Rs 226 per sq.ft, the guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, while the registration fee at 2% would be Rs 4,520, bringing the total to Rs 20,340. Duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET (97/8,110/1 to6,108/2 TO 10)?

The Sub Registrar Office that covers CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Salangapalayam

The guideline value is a crucial factor in property transactions in Salangapalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations and to avoid potential penalties.

Frequently asked questions

What is the current guideline value of CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET?

The current guideline value of CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2007 to Rs 226 per sq.ft in 2024, marking an overall increase of 769% over the years.

Which office handles the registration for this street?

The Kavundapadi Sub Registrar Office handles the registration for CHINNANAICKENUR PATTATHALACHI AMMAN KOVIL STREET, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is calculated based on the higher of the guideline value or the sale price.

Are there other streets in Salangapalayam with different guideline values?

Yes, there are other streets in Salangapalayam with varying guideline values, ranging from Rs 200 to Rs 450 per sq.ft, with the median being Rs 226 per sq.ft.