Guideline Value for CHINNASAMY LAYOUT 2ND STREET

Chinnasamy Layout 2nd Street guideline value

The current guideline value of Chinnasamy Layout 2nd 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 2nd Street has changed

The guideline value for Chinnasamy Layout 2nd Street has seen several revisions over the years. In the 2007 revision, the value was Rs 390 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 1,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,100 per sq.ft.

The changes between these revisions indicate a +156% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017. A substantial +49% increase occurred from 2017 to 2023, culminating in a +10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by +182%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - M

In Ward - M, the guideline values range from Rs 701 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Chinnasamy Layout 2nd Street aligns with this median.

• Chinnasamy Layout 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnasamy Layout 2nd Street?

The Chinnasamy Layout 2nd Street falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward - M

The guideline value is a crucial factor during the registration of property transactions in Ward - M. It serves as a base for calculating the stamp duty and registration fees, ensuring that these costs are proportionate to the property's value as determined by the government.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. Buyers and sellers must consider this value to understand the financial implications of their transactions, including the associated fees.

Frequently asked questions

What is the current guideline value of Chinnasamy Layout 2nd Street?

The current guideline value of Chinnasamy Layout 2nd 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, reflecting an overall increase of +182% over the years.

What is the land classification for Chinnasamy Layout 2nd Street?

Chinnasamy Layout 2nd Street is classified as Residential Class III Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Chinnasamy Layout 2nd Street?

The registrations for Chinnasamy Layout 2nd Street are handled by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.