Guideline Value for Chinnakannan Street

Chinnakannan Street guideline value

The current guideline value of Chinnakannan Street 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 Chinnakannan Street has changed

The guideline value for Chinnakannan Street has seen significant changes over the years. In 2002, the value was Rs 50 per sq.ft, which increased to Rs 140 per sq.ft in 2007, marking a 180% rise. The value then surged to Rs 700 per sq.ft in 2012, representing a 400% increase from the previous revision. However, it dropped to Rs 469 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 700 per sq.ft in 2023, and currently stands at Rs 784 per sq.ft in 2024, reflecting a 12% increase.

It is important to note that there is no figure available for Chinnakannan Street in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 1468%.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO with a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which is the same as the current guideline value for Chinnakannan Street.

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

Stamp duty and registration fee for property in Chinnakannan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value would be Rs 7,84,000. The stamp duty at 7% would amount to Rs 54,880, and the registration fee at 2% would be Rs 15,680, totaling 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chinnakannan Street?

The Sub Registrar Office that covers Chinnakannan Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sulur. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration of property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction process.

When a property is bought or sold, the guideline value is used to assess the applicable charges. The stamp duty and registration fees are calculated based on this value, ensuring that both parties adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chinnakannan Street?

The current guideline value of Chinnakannan Street is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2002 to Rs 784 per sq.ft in 2024, representing a total increase of 1468% over the years.

What is the land classification of Chinnakannan Street?

Chinnakannan Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Chinnakannan Street?

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

How is stamp duty calculated for properties in Chinnakannan Street?

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 be Rs 54,880.