Guideline Value for CHINNASAMY LAYOUT

Chinnasamy Layout guideline value

The current guideline value of Chinnasamy Layout is Rs 775 per sq.ft, effective from 1 July 2024. This area is located in Ward - E village under the Udumalpettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinnasamy Layout has changed

Over the years, the guideline value of Chinnasamy Layout has seen several revisions. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The 2023 revision increased the value to Rs 700 per sq.ft, and the latest revision in 2024 raised it to Rs 775 per sq.ft. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Ward - E

In Ward - E, there are 49 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 1,350 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Chinnasamy Layout is above this median.

• Chairman Ramasamy Nagar: Rs 500 per sq.ft (2024)
• Deivaseekamani Pattinam: Rs 475 per sq.ft (2024)
• DHALI ROAD-part 3: Rs 1,350 per sq.ft (2024)
• Elayamuthur Road: Rs 700 per sq.ft (2024)
• Gangadaran Lay Out: Rs 500 per sq.ft (2024)
• Good Shed Road: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 775 per sq.ft, the total guideline value amounts to Rs 7,75,000. The stamp duty is calculated at 7%, which totals Rs 54,250, and the registration fee is 2%, amounting to Rs 15,500. Together, these fees come to Rs 69,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnasamy Layout?

The Sub Registrar Office that covers Chinnasamy Layout is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ward - E. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When selling property, the guideline value ensures that both the buyer and seller are aware of the official valuation of the property, which is essential for legal and financial transactions. It helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Chinnasamy Layout?

The current guideline value of Chinnasamy Layout is Rs 775 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 775 per sq.ft in 2024.

What is the land classification for Chinnasamy Layout?

Chinnasamy Layout is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 7,75,000, the total fees would amount to Rs 69,750.

Which office handles property registrations in Chinnasamy Layout?

The Udumalpettai Sub Registrar Office handles property registrations for Chinnasamy Layout, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.