Guideline Value for Chennimalaiyar Street

Chennimalaiyar Street guideline value

The current guideline value of Chennimalaiyar Street is Rs 780 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village, under the Punchaipuliyampatti SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chennimalaiyar Street has changed

The guideline value for Chennimalaiyar Street has seen several revisions over the years. In 2007, the guideline value was Rs 95 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a rise of 637%. However, from 2012 to 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 700 per sq.ft, which then increased to the current Rs 780 per sq.ft in 2024, reflecting an 11% rise.

There are no recorded figures for the years 2002 and 2003 for Chennimalaiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 721%, highlighting the fluctuations in property valuation over the years.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median value is Rs 780 per sq.ft, which is the same as the guideline value for Chennimalaiyar Street.

• Cheran Street: Rs 560 per sq.ft (2024)
• Chinnasamy Street: Rs 780 per sq.ft (2024)
• church Street: Rs 780 per sq.ft (2024)
• CP.Chitrarasu Street: Rs 670 per sq.ft (2024)
• Devaneyabavanar Street: Rs 780 per sq.ft (2024)
• Devendra Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Chennimalaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, resulting in a total of Rs 70,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennimalaiyar Street?

The Sub Registrar Office covering Chennimalaiyar Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Punjaipuliampatti. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is in accordance with the local regulations. Buyers and sellers should be aware of these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Chennimalaiyar Street?

The current guideline value of Chennimalaiyar Street is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 95 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, reflecting an overall increase of 721% over the years.

What is the median guideline value in Punjaipuliampatti?

The median guideline value in Punjaipuliampatti is Rs 780 per sq.ft, which is the same as the current value for Chennimalaiyar Street.

What are the stamp duty and registration fees for properties on Chennimalaiyar Street?

For a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600 and the registration fee would be Rs 15,600, totaling Rs 70,200.

Where is the Sub Registrar Office for Chennimalaiyar Street located?

The Sub Registrar Office for Chennimalaiyar Street is located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.