Guideline Value for ChinnaGurusamy Layout

ChinnaGurusamy Layout guideline value

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

How the guideline value of ChinnaGurusamy Layout has changed

Over the years, the guideline value of ChinnaGurusamy Layout has seen several revisions. The earliest recorded figure is from 2002, where the value was Rs 155 per sq.ft. This increased to Rs 174 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 325 per sq.ft in 2007, reflecting an increase of +87%. In 2012, the value was revised to Rs 600 per sq.ft, a change of +85%. However, the value decreased to Rs 402 per sq.ft in 2017, showing a decline of -33%. The next revision in 2023 set the value at Rs 1,000 per sq.ft, which was a significant increase of +149% from the previous figure. Finally, the current guideline value is Rs 1,001 per sq.ft as of the 2024 revision, reflecting no change from the 2023 figure.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft, with a median value of Rs 1,120 per sq.ft. ChinnaGurusamy Layout's current guideline value is below this median.

• Chinnasamy Layout: Rs 1,001 per sq.ft (2024)
• Cherannagar: Rs 1,568 per sq.ft (2024)
• Chinnayathottam kudisaikal: Rs 1,002 per sq.ft (2024)
• Chandrakala Township Phase-I: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)
• Chandrakala Township: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in ChinnaGurusamy Layout

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

Which Sub Registrar Office covers ChinnaGurusamy Layout?

The Sub Registrar Office that covers ChinnaGurusamy Layout is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 Singanallur

The guideline value is a crucial factor when registering property in Singanallur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating the sale price of a property.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally, protecting the interests of both parties involved.

Frequently asked questions

What is the current guideline value of ChinnaGurusamy Layout?

The current guideline value of ChinnaGurusamy 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 155 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, showing an overall increase of +546% over the years.

What is the land classification for ChinnaGurusamy Layout?

ChinnaGurusamy Layout is classified as Residential Class I Type - III.

Where can I find other guideline values in Singanallur?

Other streets in Singanallur have varying guideline values, with rates ranging from Rs 1,000 to Rs 3,360 per sq.ft. You can find specific values for other streets listed in the article above.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. These fees are based on the higher of the guideline value or the sale price of the property.