Guideline Value for Chinaraj Nagar

Chinaraj Nagar guideline value

The current guideline value of Chinaraj Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Gandhipuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Chinaraj Nagar has changed

Over the years, the guideline value for Chinaraj Nagar has seen several revisions. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 536 per sq.ft. The value then rose sharply to Rs 1,000 per sq.ft in 2023, marking an increase of 87%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

The register for the years 2002 and 2003 does not have figures for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, with a median value of Rs 1,120 per sq.ft. Chinaraj Nagar's 2024 guideline value is below this median.

• Chinnammal Street (K.K.Pudur): Rs 1,120 per sq.ft (2024)
• Chinnammal Street (Rathinapuri): Rs 1,120 per sq.ft (2024)
• Chinnappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinnappan Street: Rs 1,120 per sq.ft (2024)
• Chenniyappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chinaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinaraj Nagar?

The Sub Registrar Office that covers Chinaraj Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for further information.

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

The guideline value is a crucial factor when registering property transactions in Sanganur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal documentation and taxation purposes. Buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Chinaraj Nagar?

The current guideline value of Chinaraj Nagar is Rs 1,100 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 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets in Sanganur with their guideline values?

Other streets in Sanganur include Chinnammal Street (K.K.Pudur) and Chinnammal Street (Rathinapuri) at Rs 1,120 per sq.ft, among others, with Chinaraj Nagar's value being Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for a property in Chinaraj Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Chinaraj Nagar located?

The Sub Registrar Office for Chinaraj Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.