Guideline Value for Chikkana Annamalai thevar lane

Chikkana Annamalai thevar lane guideline value

The current guideline value for Chikkana Annamalai thevar lane is Rs 784 per sq.ft, effective from 1 July 2024. This lane is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chikkana Annamalai thevar lane has changed

In the 2007 revision, the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a change of +367%. However, in the 2017 revision, the value decreased to Rs 469 per sq.ft, a drop of -33%. The value rose again to Rs 700 per sq.ft in the 2023 revision, followed by a further increase to Rs 784 per sq.ft in the 2024 revision, reflecting a change of +12%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +423%. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median guideline value is Rs 784 per sq.ft, which is equal to the current figure for Chikkana Annamalai thevar lane.

• Chinnakannan Street: Rs 784 per sq.ft (2024)
• Chinnapathevar Ayyar Street: Rs 560 per sq.ft (2024)
• Chinna Valaiyan Lane: Rs 784 per sq.ft (2024)
• Charmen Karuppannath thevar street: Rs 784 per sq.ft (2024)
• Chinnkka Krishnath thevar lane: Rs 784 per sq.ft (2024)
• Chinnkka Rangasamy Thevar street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Chikkana Annamalai thevar lane

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,84,000. The stamp duty at 7% would be Rs 54,880, and the registration fee at 2% would be Rs 15,680, totaling Rs 70,560. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chikkana Annamalai thevar lane?

The Chikkana Annamalai thevar lane falls under 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 Sulur

The guideline value is a crucial factor in the registration process when buying or selling property in Sulur. It determines the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Chikkana Annamalai thevar lane?

The current guideline value for Chikkana Annamalai thevar lane is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 150 per sq.ft in 2007, Rs 700 in 2012, Rs 469 in 2017, Rs 700 in 2023, and finally Rs 784 in 2024.

What is the land classification for Chikkana Annamalai thevar lane?

The land classification for Chikkana Annamalai thevar lane is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this lane?

The Sub Registrar Office covering Chikkana Annamalai thevar lane is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated for properties in Sulur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,84,000, the stamp duty would be Rs 54,880 at the rate of 7%.