Guideline Value for Chinnanna Chettiar Street

Chinnanna Chettiar Street guideline value

The current guideline value of Chinnanna Chettiar Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Telgupalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chinnanna Chettiar Street has changed

As per the guideline value register, there are no figures available for Chinnanna Chettiar Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,000 per sq.ft.

Between the 2023 and 2024 revisions, there was no percentage change, reflecting a stable guideline value of Rs 1,000 per sq.ft for this street.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO with 2024 guideline values ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, placing Chinnanna Chettiar Street's 2024 figure below that median.

• Chinnasamy Naidu Thottam: Rs 1,000 per sq.ft (2024)
• Chindabaranar Veedhi: Rs 1,001 per sq.ft (2024)
• Chinnash Konar Street: Rs 1,002 per sq.ft (2024)
• Chinnaswamy Nagar: Rs 1,000 per sq.ft (2024)
• Chennimalai Andavar Nagar: Rs 1,000 per sq.ft (2024)
• Classic Delex Right House: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnanna Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Chinnanna Chettiar Street?

The Sub Registrar Office covering Chinnanna Chettiar Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Telgupalayam. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps establish a fair transaction price, as it is used to calculate the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chinnanna Chettiar Street?

The current guideline value of Chinnanna Chettiar Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for Chinnanna Chettiar Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change.

What is the median guideline value for streets in Telgupalayam?

The median guideline value for streets in Telgupalayam is Rs 1,002 per sq.ft. Chinnanna Chettiar Street's 2024 guideline value is below this median.

What are the stamp duty rates for properties in Chinnanna Chettiar Street?

The stamp duty rate for properties in Chinnanna Chettiar Street is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chinnanna Chettiar Street located?

The Coimbatore South Joint 1 Sub Registrar Office is located at No.410a, Raja Street, Coimbatore-641001. This office handles the registration of properties in Chinnanna Chettiar Street.