Guideline Value for Chinnan Street

Chinnan Street guideline value

The current guideline value of Chinnan Street in Irugur village, under the Singanallur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Chinnan Street has changed

In the 2017 revision, the guideline value for Chinnan Street was Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise further to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for Chinnan Street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 440 per sq.ft, placing Chinnan Street's 2024 figure above that median.

• Chinnapadevar santhu: Rs 440 per sq.ft (2024)
• Chinnia Gounder Nagar: Rs 275 per sq.ft (2024)
• Chinniampalayam panchayat venkatapuram road: Rs 550 per sq.ft (2024)
• Chinniyampalayam Road: Rs 600 per sq.ft (2024)
• C A Palani Thevar Nagar: Rs 440 per sq.ft (2024)
• Daisy Garden: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 precise calculations based on your property.

Which Sub Registrar Office covers Chinnan Street?

The Sub Registrar Office covering Chinnan Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irugur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnan Street?

The current guideline value of Chinnan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Chinnan Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Chinnan Street?

The Singanallur Sub Registrar Office handles property registrations for Chinnan Street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the guideline value determined for properties in Irugur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and local market conditions. It serves as a minimum value for property registration.