Guideline Value for CHINNASAMY LAYOUT 1ST STREET

Chinnasamy Layout 1st Street guideline value

The current guideline value of Chinnasamy Layout 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward - M village under the Tiruppur Joint II SRO, classified as Residential Class III Type - II.

How the guideline value of Chinnasamy Layout 1st Street has changed

The guideline value for Chinnasamy Layout 1st Street has seen several revisions over the years. In 2007, the value was Rs 390 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 156% rise. However, in 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and further increased to Rs 1,100 per sq.ft in 2024, which is a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 182%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which aligns with the current guideline value of Chinnasamy Layout 1st Street.

• Chinnasamy Layout 2nd Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 3rd Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 4th Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 5th Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 6th Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Gounder Thottam: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Layout 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnasamy Layout 1st Street?

The Chinnasamy Layout 1st Street is covered by the Tiruppur Joint II 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 - M

The guideline value is a crucial factor in property transactions within Ward - M. It serves as a benchmark for calculating stamp duty and registration fees when properties are bought or sold. This ensures that the government receives the appropriate revenue based on the established guideline values.

When a buyer or seller approaches the registration office, the guideline value will be referenced to determine the applicable fees. It is important for both parties to be aware of the current guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chinnasamy Layout 1st Street?

The current guideline value of Chinnasamy Layout 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 390 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 182% over the years.

What is the stamp duty rate for properties in Chinnasamy Layout 1st Street?

The stamp duty rate for properties in Chinnasamy Layout 1st Street is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for property transactions?

The registration fee for property transactions in Chinnasamy Layout 1st Street is 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Chinnasamy Layout 1st Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Chinnasamy Layout 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.