Guideline Value for Chinnapadevar santhu

Chinnapadevar santhu guideline value

The current guideline value of Chinnapadevar santhu is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO and is classified as Residential Class II Type - II.

How the guideline value of Chinnapadevar santhu has changed

The guideline value for Chinnapadevar santhu has seen several revisions over the years. Starting from the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value is Rs 440 per sq.ft, which is equal to the current value of Chinnapadevar santhu.

• Chinnan Street: Rs 880 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 Chinnapadevar santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnapadevar santhu?

The Chinnapadevar santhu area is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Irugur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable fees. This ensures that the registration process is transparent and that all transactions are recorded at a fair value.

Frequently asked questions

What is the current guideline value of Chinnapadevar santhu?

The current guideline value of Chinnapadevar santhu is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Irugur with their guideline values?

Other streets in Irugur include Chinnan Street at Rs 880 per sq.ft, Chinnia Gounder Nagar at Rs 275 per sq.ft, and Chinniampalayam panchayat venkatapuram road at Rs 550 per sq.ft, among others.

What is the stamp duty rate for property in Chinnapadevar santhu?

The stamp duty rate for property transactions in Chinnapadevar santhu is 7% of the higher value between the guideline value and the sale price.

Where can I find the Sub Registrar Office for Chinnapadevar santhu?

The Sub Registrar Office covering Chinnapadevar santhu is the Singanallur SRO, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.