Guideline Value for Chennimalai Gounder Street

Chennimalai Gounder Street guideline value

The current guideline value of Chennimalai Gounder Street is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village, under the Sulur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chennimalai Gounder Street has changed

The guideline value for Chennimalai Gounder Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in 2017. The value then rose significantly to Rs 400 per sq.ft in 2023, and it has now reached Rs 448 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 124%. It is important to note that the register has no figure for Chennimalai Gounder Street for the years 2002 and 2003.

Guideline values in Kannampalayam

In Kannampalayam, there are 114 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 336 per sq.ft, placing Chennimalai Gounder Street's 2024 figure above that median.

• Cheran Nagar: Rs 896 per sq.ft (2024)
• Chinna Rame Gounder Street: Rs 448 per sq.ft (2024)
• Chinna Thottam: Rs 224 per sq.ft (2024)
• Chinndhamanipudur: Rs 448 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 224 per sq.ft (2024)
• E.B.Colony: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in Chennimalai Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total cost for these fees to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennimalai Gounder Street?

The Chennimalai Gounder Street is covered by the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Chennimalai Gounder Street?

The current guideline value of Chennimalai Gounder Street is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 448 per sq.ft in 2024, marking an overall increase of 124% over this period.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 448 per sq.ft incurs a total fee of Rs 40,320.

Which Sub Registrar Office covers Chennimalai Gounder Street?

The Sulur Sub Registrar Office covers Chennimalai Gounder Street, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the land classification for Chennimalai Gounder Street?

The land classification for Chennimalai Gounder Street is Residential Class I Type - I, indicating its suitability for residential development.