Guideline Value for CHINNATH THOTTAM.SEVA NAGAR

Chinnath Thottam.Seva Nagar guideline value

The current guideline value of Chinnath Thottam.Seva Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Chinnath Thottam.Seva Nagar has changed

The guideline value for Chinnath Thottam.Seva Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 250 per sq.ft. This increased to Rs 750 per sq.ft in 2012, marking a significant rise of 200%. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft, a drop of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, reflecting a substantial increase of 99% over the five years.

The most recent revision in 2024 set the guideline value at Rs 1,010 per sq.ft, which is a 1% increase from the previous year. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, indicating that the guideline value of Chinnath Thottam.Seva Nagar is below this median.

• Chinnasamy Nagar: Rs 1,400 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)
• C M S Nagar: Rs 1,010 per sq.ft (2024)
• Cheran Street: Rs 1,008 per sq.ft (2024)
• Chellappagounder Layout-1: Rs 1,120 per sq.ft (2024)
• Chekkan Thottam: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnath Thottam.Seva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total cost to Rs 90,900. 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 Chinnath Thottam.Seva Nagar?

The Sub Registrar Office that covers Chinnath Thottam.Seva Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ganapathy

The guideline value is a critical component in the property registration process in Ganapathy. It serves as the basis for calculating the stamp duty and registration fees that buyers need to pay when purchasing a property. This ensures that the government receives appropriate revenue from property transactions.

When selling a property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Chinnath Thottam.Seva Nagar?

The current guideline value of Chinnath Thottam.Seva Nagar is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, representing an overall increase of 304%.

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

For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700 and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office handles the registration of properties in Chinnath Thottam.Seva Nagar?

The Ganapathy Sub Registrar Office handles the registration of properties in Chinnath Thottam.Seva Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the government receives the appropriate revenue from these transactions and helps establish a minimum price for property registration.