Guideline Value for CHINNASAMY LAYOUT 4TH STREET

Chinnasamy Layout 4th Street guideline value

The current guideline value of Chinnasamy Layout 4th 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 4th Street has changed

The guideline value for Chinnasamy Layout 4th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 390 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this value decreased to Rs 670 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent 2024 revision set it at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2007 revision to the 2024 revision, the guideline value has increased by 182%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 6,600 per sq.ft, with the median value being Rs 1,100 per sq.ft. Chinnasamy Layout 4th Street's 2024 figure aligns with this median value.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnasamy Layout 4th Street?

The Chinnasamy Layout 4th 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 details.

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 determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both parties involved in the transaction. It helps in establishing a fair price for the property, ensuring that the transaction is transparent and compliant with local regulations.

Frequently asked questions

What is the current guideline value of Chinnasamy Layout 4th Street?

The current guideline value of Chinnasamy Layout 4th 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 are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000 based on the current guideline value.

Which Sub Registrar Office covers Chinnasamy Layout 4th Street?

The Tiruppur Joint II Sub Registrar Office covers Chinnasamy Layout 4th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Chinnasamy Layout 4th Street?

Chinnasamy Layout 4th Street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.