Guideline Value for Chinna Valaiyan Lane

Chinna Valaiyan Lane guideline value

The current guideline value of Chinna Valaiyan Lane is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chinna Valaiyan Lane has changed

The guideline value for Chinna Valaiyan Lane has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it decreased to Rs 469 per sq.ft in 2017. Following that, the value rose sharply to Rs 700 per sq.ft in 2023, and then to Rs 784 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Looking at the overall changes, the guideline value increased by 423% from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO, with guideline values ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which is equal to the current guideline value of Chinna Valaiyan Lane.

• Chinnkka Krishnath thevar lane: Rs 784 per sq.ft (2024)
• Chinnkka Rangasamy Thevar street: Rs 784 per sq.ft (2024)
• Chinnapathevar Ayyar Street: Rs 560 per sq.ft (2024)
• Chinnakannan Street: Rs 784 per sq.ft (2024)
• Chikkana Annamalai thevar lane: Rs 784 per sq.ft (2024)
• Charmen Karuppannath thevar street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Valaiyan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value amounts to Rs 7,84,000. The stamp duty at 7% would be Rs 54,880, and the registration fee at 2% would be Rs 15,680, leading to a total cost of Rs 70,560. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinna Valaiyan Lane?

The Sub Registrar Office that covers Chinna Valaiyan Lane is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Sulur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official value of the property. It is essential for ensuring transparency in property transactions and for calculating the necessary fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Chinna Valaiyan Lane?

The current guideline value of Chinna Valaiyan Lane is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, which represents an overall increase of 423%.

What is the land classification of Chinna Valaiyan Lane?

Chinna Valaiyan Lane is classified as Commercial Class I Type - II under the current land classification.

Where can I find the Sulur Sub Registrar Office?

The Sulur Sub Registrar Office is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is the stamp duty calculated for properties in Chinna Valaiyan Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 54,880.