Guideline Value for Chinna Rame Gounder Street

Chinna Rame Gounder Street guideline value

The current guideline value of Chinna Rame Gounder Street is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village, under the Sulur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinna Rame Gounder Street has changed

The guideline value for Chinna Rame Gounder Street has undergone several revisions over the years. In 2007, the guideline value was Rs 120 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it decreased to Rs 268 per sq.ft in 2017. The value then saw a substantial rise to Rs 400 per sq.ft in 2023, before reaching the current rate of Rs 448 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was an increase of 233%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Kannampalayam

In Kannampalayam village, there are 114 streets under the Sulur SRO with a guideline value for 2024 ranging from Rs 224 to Rs 1,800 per sq.ft. The median guideline value is Rs 336 per sq.ft, placing Chinna Rame Gounder Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960, leading to a total of Rs 40,320. 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 detailed calculations.

Which Sub Registrar Office covers Chinna Rame Gounder Street?

The Sub Registrar Office that covers Chinna Rame Gounder Street is 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 is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Chinna Rame Gounder Street?

The current guideline value of Chinna Rame 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 120 per sq.ft in 2007 to Rs 448 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification for Chinna Rame Gounder Street?

Chinna Rame Gounder Street is classified as Residential Class I Type - I.

Where is the Sulur Sub Registrar Office located?

The Sulur Sub Registrar Office 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 Kannampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 4,48,000 would incur a stamp duty of Rs 31,360 at 7%.