Guideline Value for Chinna Street

Chinna Street guideline value

The current guideline value of Chinna Street in Uppilipalayam village is Rs 1,005 per sq.ft, effective from 1 July 2024. This street falls under the Singanallur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chinna Street has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This value decreased to Rs 335 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 199%, bringing the value up to Rs 1,000 per sq.ft. The most recent 2024 revision shows a slight increase of 1%, resulting in the current value of Rs 1,005 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uppilipalayam

Uppilipalayam village has a total of 361 streets under the Singanallur SRO with a 2024 guideline value range from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, which means Chinna Street's 2024 figure is below that median.

• Chinna thottam Street: Rs 1,001 per sq.ft (2024)
• Chinna samy Layout: Rs 1,232 per sq.ft (2024)
• Chinnappa Street1,2: Rs 1,120 per sq.ft (2024)
• Chitra colony 1,2: Rs 1,120 per sq.ft (2024)
• Chitra gardens: Rs 1,232 per sq.ft (2024)
• Chinna Karuppa Gounder street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, making the total fees together Rs 90,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinna Street?

The Sub Registrar Office that covers Chinna Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the registration fees are calculated fairly based on the property's value. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinna Street?

The current guideline value of Chinna Street is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Chinna Street has changed from Rs 500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2024, showing an overall increase of 101% over this period.

What is the land classification of Chinna Street?

Chinna Street is classified as Residential Class IV Type - I under the guideline value regulations.

Where can I find the Sub Registrar Office for Chinna Street?

The Sub Registrar Office for Chinna Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Chinna Street?

Stamp duty for properties in Chinna Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 90,450, including stamp duty and registration fees.