Guideline Value for Chinnammal Street (Rathinapuri)

Chinnammal Street (Rathinapuri) guideline value

The current guideline value of Chinnammal Street (Rathinapuri) is Rs 1,120 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 - III.

How the guideline value of Chinnammal Street (Rathinapuri) has changed

The guideline value for Chinnammal Street (Rathinapuri) has seen several revisions over the years. In the 2007 revision, the value was Rs 515 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017, before rising significantly to Rs 1,000 per sq.ft again in 2023. The latest revision in 2024 set the value at Rs 1,120 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 117%. The register has no figures for Chinnammal Street for the years 2002 and 2003.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, which is equal to the current guideline value of Chinnammal Street (Rathinapuri).

• Chinnammal Street (K.K.Pudur): Rs 1,120 per sq.ft (2024)
• Chinnappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinnappan Street: Rs 1,120 per sq.ft (2024)
• Chinaraj Nagar: Rs 1,100 per sq.ft (2024)
• Chinnasamy Street: Rs 1,120 per sq.ft (2024)
• Chinna Subbanna Gounder Layout: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnammal Street (Rathinapuri)

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that 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 details.

Which Sub Registrar Office covers Chinnammal Street (Rathinapuri)?

The Sub Registrar Office that covers Chinnammal Street (Rathinapuri) 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 is a crucial factor in the registration process of property transactions in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnammal Street (Rathinapuri)?

The current guideline value of Chinnammal Street (Rathinapuri) is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 515 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 117% over the years.

What are the stamp duty and registration fees for property in Chinnammal Street (Rathinapuri)?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,00,800.

Which Sub Registrar Office covers Chinnammal Street (Rathinapuri)?

The Gandhipuram Sub Registrar Office covers Chinnammal Street (Rathinapuri) and is located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification for Chinnammal Street (Rathinapuri)?

Chinnammal Street (Rathinapuri) is classified as Residential Class I Type - III, indicating its designation for residential purposes within the area.