Guideline Value for ChinnaGuru samy Layout

ChinnaGuru samy Layout guideline value

The current guideline value of ChinnaGuru samy Layout is Rs 1,001 per sq.ft, effective from 1 July 2024. This layout is located in Uppilipalayam village, under the Singanallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of ChinnaGuru samy Layout has changed

Over the years, the guideline value for ChinnaGuru samy Layout has seen several revisions. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This increased to Rs 875 per sq.ft in 2012, marking a significant rise of 119%. However, the value then dropped to Rs 586 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revisions show Rs 1,000 per sq.ft in 2023, followed by a slight increase to Rs 1,001 per sq.ft in 2024, which is a change of 0%.

From 2007 to 2024, the overall increase in guideline value is 150%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft, with a median value of Rs 1,232 per sq.ft. ChinnaGuru samy Layout's 2024 figure is below this median.

• Chinna Karuppa Gounder street: Rs 1,002 per sq.ft (2024)
• Chinnappa Street1,2: Rs 1,120 per sq.ft (2024)
• Chinna samy Layout: Rs 1,232 per sq.ft (2024)
• Chinna Street: Rs 1,005 per sq.ft (2024)
• Chinna thottam Street: Rs 1,001 per sq.ft (2024)
• Chennimalai Gounder Layout: Rs 1,355 per sq.ft (2024)

Stamp duty and registration fee for property in ChinnaGuru samy Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers ChinnaGuru samy Layout?

The Sub Registrar Office that covers ChinnaGuru samy Layout 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal valuation of the property. It is essential to consider this value when negotiating sale prices, as the final duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of ChinnaGuru samy Layout?

The current guideline value of ChinnaGuru samy Layout is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 150% over this period.

What is the stamp duty for property in ChinnaGuru samy Layout?

The stamp duty for property in ChinnaGuru samy Layout is 7% of the guideline value, which amounts to Rs 70,070 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for ChinnaGuru samy Layout located?

The Sub Registrar Office for ChinnaGuru samy Layout is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

What is the land classification of ChinnaGuru samy Layout?

The land classification of ChinnaGuru samy Layout is Residential Class II Type - I.