Guideline Value for CHINNASAMYLAYOUT

Chinnasamylayout guideline value

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

How the guideline value of Chinnasamylayout has changed

The guideline value for Chinnasamylayout has seen several revisions over the years. In 2003, the value was Rs 316 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, followed by a decrease to Rs 469 per sq.ft in 2017. The value then rose to Rs 700 per sq.ft in 2023 before reaching the current figure of Rs 775 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2007 in the register for this street.

Between revisions, the changes are as follows: from 2003 to 2012, there was a +122% increase; however, from 2012 to 2017, the value decreased by -33%. The value then rose by +49% from 2017 to 2023, and finally, there was an increase of +11% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by +145%.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Chinnasamylayout's 2024 figure above this median.

• Chinnaveerampatti(1-22,29,30,56): Rs 380 per sq.ft (2024)
• Chinnaveerampatti(3-12,16,154): Rs 475 per sq.ft (2024)
• Chinnaveerampatti Kudiyiruppu: Rs 380 per sq.ft (2024)
• Bye Bass Road: Rs 1,450 per sq.ft (2024)
• Boyar Lane: Rs 380 per sq.ft (2024)
• Dharapuram Road: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamylayout

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 at 7% would be Rs 54,250, and the registration fee at 2% would be Rs 15,500, totaling Rs 69,750. 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 Chinnasamylayout?

The Sub Registrar Office that covers Chinnasamylayout 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 additional information.

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

The guideline value is a critical factor during the registration of property transactions in Ward - B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate amount based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Chinnasamylayout?

The current guideline value of Chinnasamylayout 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 316 per sq.ft in 2003 to Rs 775 per sq.ft in 2024, showing an overall increase of +145% over the years.

What are the other streets in Ward - B and their values?

Other streets in Ward - B have varying guideline values, with rates ranging from Rs 380 to Rs 1,800 per sq.ft as of 2024.

How is stamp duty calculated for properties in Chinnasamylayout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,75,000 would incur a stamp duty of Rs 54,250 at 7%.

Where can I find the Sub Registrar Office for Chinnasamylayout?

The Sub Registrar Office for Chinnasamylayout is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet, 642126, Coimbatore registration zone.