Guideline Value for Chinna Maruthasalam Street

Chinna Maruthasalam Street guideline value

The current guideline value of Chinna Maruthasalam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Class I Type - III.

How the guideline value of Chinna Maruthasalam Street has changed

The guideline value for Chinna Maruthasalam Street has seen several revisions over the years. In 2007, the value was Rs 570 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose to Rs 2,000 per sq.ft in 2023 and is now Rs 2,200 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in guideline value is 286%. The changes between the revisions are notable: from 2007 to 2012, there was a 251% increase; from 2012 to 2017, a decrease of 33%; followed by a 49% increase from 2017 to 2023; and finally, a 10% increase from 2023 to 2024.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the 2024 figure for Chinna Maruthasalam Street.

• Chitrampalam Layout: Rs 2,200 per sq.ft (2024)
• C.M.C.Colony: Rs 2,200 per sq.ft (2024)
• Cauvery Road (or) Street: Rs 1,980 per sq.ft (2024)
• Cauvery Lane: Rs 1,980 per sq.ft (2024)
• Councilor Lane: Rs 1,320 per sq.ft (2024)
• CR Sundaram Layout: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Maruthasalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Chinna Maruthasalam Street?

The Sub Registrar Office that covers Chinna Maruthasalam Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor when registering property transactions in Ward 10. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Chinna Maruthasalam Street?

The current guideline value of Chinna Maruthasalam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions: Rs 570 per sq.ft in 2007, Rs 2,000 per sq.ft in 2012, Rs 1,340 per sq.ft in 2017, Rs 2,000 per sq.ft in 2023, and currently Rs 2,200 per sq.ft in 2024.

What is the stamp duty for property in Chinna Maruthasalam Street?

The stamp duty for property in Chinna Maruthasalam Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference point for determining the value of the property being bought or sold.