Guideline Value for Chinna Subbanna Gounder Street

Chinna Subbanna Gounder Street guideline value

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

How the guideline value of Chinna Subbanna Gounder Street has changed

The guideline value for Chinna Subbanna Gounder Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. By 2023, the value rose to Rs 1,500 per sq.ft, and the most recent revision in 2024 set it at Rs 1,900 per sq.ft, reflecting an increase of 27% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 27%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for the area is Rs 1,120 per sq.ft, placing Chinna Subbanna Gounder Street's 2024 figure above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chinna Subbanna Gounder Street?

The Sub Registrar Office that covers Chinna Subbanna Gounder Street 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 more information.

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

The guideline value plays a crucial role in property transactions in Sanganur. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they meet the necessary financial obligations during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office should I visit for transactions in Chinna Subbanna Gounder Street?

The Gandhipuram Sub Registrar Office is responsible for transactions in Chinna Subbanna Gounder Street, located at Kalapatti Road, near Saravanampatti Police Station.

What is the median guideline value for streets in Sanganur?

The median guideline value for streets in Sanganur is Rs 1,120 per sq.ft, with Chinna Subbanna Gounder Street's 2024 figure of Rs 1,900 per sq.ft being above this median.