Guideline Value for CHINNASAMY LAYOUT 3RD STREET

Chinnasamy Layout 3rd Street guideline value

The current guideline value of Chinnasamy Layout 3rd 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, and falls under the Residential Class III Type - II land classification.

How the guideline value of Chinnasamy Layout 3rd Street has changed

The guideline value for Chinnasamy Layout 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 390 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 156% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a drop of 33%. The value then rose sharply 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. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 182%. This consistent rise in the guideline value reflects changes in the valuation over time.

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, with the median being Rs 1,100 per sq.ft. Chinnasamy Layout 3rd Street's 2024 guideline value matches this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnasamy Layout 3rd Street?

The Sub Registrar Office that covers Chinnasamy Layout 3rd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 critical factor during the registration of property transactions in Ward - M. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. It is important to note that the fees are based on the higher of the guideline value or the sale price, ensuring that the appropriate amount is collected for the transaction.

Frequently asked questions

What is the current guideline value of Chinnasamy Layout 3rd Street?

The current guideline value of Chinnasamy Layout 3rd 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 3rd Street?

Chinnasamy Layout 3rd Street falls under the Residential Class III Type - II land classification.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is at 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which office handles the registration for Chinnasamy Layout 3rd Street?

The Tiruppur Joint II Sub Registrar Office handles the registration for Chinnasamy Layout 3rd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.