Guideline Value for CHINNASAMY AACHIRIAR VEETHI

Chinnasamy Aachiriar Veethi guideline value

The current guideline value of Chinnasamy Aachiriar Veethi is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Kangeyam village, under the Kangeyam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Chinnasamy Aachiriar Veethi has changed

The guideline value for Chinnasamy Aachiriar Veethi has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and further rose to Rs 1,120 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, it saw a substantial increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a growth of 12%. Overall, the guideline value increased by 12% from 2012 to 2024.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO that have a 2024 guideline value ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, placing Chinnasamy Aachiriar Veethi's 2024 figure above this median.

• Chinnaypudhur: Rs 448 per sq.ft (2024)
• Cholan Nagar: Rs 448 per sq.ft (2024)
• Cheran Nagar: Rs 728 per sq.ft (2024)
• Chennimalai Road (From Dhivya Hospital): Rs 448 per sq.ft (2024)
• CHENNIMALAI ROAD (BUSTAND To DHIVYA HOSPITAL): Rs 1,120 per sq.ft (2024)
• Cheniyapa Nagar: Rs 334 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Aachiriar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees together to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more personalized calculations.

Which Sub Registrar Office covers Chinnasamy Aachiriar Veethi?

The Sub Registrar Office that covers Chinnasamy Aachiriar Veethi is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the buying or selling process.

When you buy or sell property, the guideline value helps ensure that both parties are aware of the official value assigned to the property, which is used to calculate the necessary fees. This process helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Chinnasamy Aachiriar Veethi?

The current guideline value of Chinnasamy Aachiriar Veethi is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification of Chinnasamy Aachiriar Veethi?

Chinnasamy Aachiriar Veethi is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for property in Chinnasamy Aachiriar Veethi?

The stamp duty is charged at 7%, and the registration fee is charged at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnasamy Aachiriar Veethi?

The Sub Registrar Office for Chinnasamy Aachiriar Veethi is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.