Guideline Value for Chinna Subbanna Gounder Layout

Chinna Subbanna Gounder Layout guideline value

The current guideline value of Chinna Subbanna Gounder Layout is Rs 1,900 per sq.ft, effective from 1 July 2024. This layout is located in Sanganur. village under the Gandhipuram SRO, classified as Residential Class I Type - I.

How the guideline value of Chinna Subbanna Gounder Layout has changed

The guideline value for Chinna Subbanna Gounder Layout has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose significantly to Rs 1,500 per sq.ft in 2023 and further increased to Rs 1,900 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, there was a 49% increase in the guideline value. The jump from 2023 to 2024 represents a 27% increase. Overall, from 2007 to 2024, the guideline value has risen by 111%.

Guideline values in Sanganur.

In Sanganur., the guideline values for 394 streets under the Gandhipuram SRO range from Rs 1,100 to Rs 10,080 per sq.ft, with a median value of Rs 1,120 per sq.ft. Chinna Subbanna Gounder Layout's 2024 figure is above this median.

• Chinna Subbanna Gounder Street: Rs 1,900 per sq.ft (2024)
• Chinnathambi Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Street: Rs 1,120 per sq.ft (2024)
• Chinnappan Street: Rs 1,120 per sq.ft (2024)
• Chinnappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinthamani Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Subbanna Gounder Layout

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. Please note that 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 Subbanna Gounder Layout?

The Chinna Subbanna Gounder Layout falls under the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sanganur. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and reflects the market conditions.

When registering a property, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinna Subbanna Gounder Layout?

The current guideline value of Chinna Subbanna Gounder Layout is Rs 1,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, marking an overall increase of 111% over the years.

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

Other streets in Sanganur. include Chinnathambi Street at Rs 1,100 per sq.ft, Chinnasamy Street and Chinnappan Street at Rs 1,120 per sq.ft, and Chinnappa Gounder Street at Rs 1,100 per sq.ft, among others.

What fees are associated with buying property in Chinna Subbanna Gounder Layout?

When buying property in Chinna Subbanna Gounder Layout, buyers need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinna Subbanna Gounder Layout?

The Sub Registrar Office covering Chinna Subbanna Gounder Layout is the Gandhipuram Sub Registrar Office, located on Kalapatti Road, near Saravanampatti Police Station.