Guideline Value for Chinnapathevar Ayyar Street

Chinnapathevar Ayyar Street guideline value

The current guideline value of Chinnapathevar Ayyar Street is Rs 560 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinnapathevar Ayyar Street has changed

Over the years, the guideline value of Chinnapathevar Ayyar Street has undergone several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which then increased significantly to Rs 500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft. The 2023 revision saw a rise to Rs 500 per sq.ft, and the most recent 2024 revision increased it further to Rs 560 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a remarkable increase of 400%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023. The overall change from 2007 to 2024 reflects an increase of 460%.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that carry a 2024 guideline value, ranging from Rs 280 to Rs 1,400 per sq.ft, with a median value of Rs 784 per sq.ft. Chinnapathevar Ayyar Street's 2024 figure of Rs 560 per sq.ft is below this median.

• Chinnakannan Street: Rs 784 per sq.ft (2024)
• Chinna Valaiyan Lane: Rs 784 per sq.ft (2024)
• Chikkana Annamalai thevar 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 Chinnapathevar Ayyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, and the registration fee at 2% would be Rs 11,200, leading to a total cost of Rs 50,400. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnapathevar Ayyar Street?

The Sub Registrar Office that covers Chinnapathevar Ayyar 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 information.

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 minimum value at which a property can be registered. This value ensures that the government receives appropriate revenue from property transactions through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is important to note that the guideline value may differ from the market price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Chinnapathevar Ayyar Street?

The current guideline value of Chinnapathevar Ayyar Street is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, reflecting an overall increase of 460% over this period.

What are the stamp duty rates applicable in Sulur?

The stamp duty rate in Sulur is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnapathevar Ayyar Street?

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

What other streets in Sulur have guideline values?

Other streets in Sulur under the Sulur SRO have guideline values ranging from Rs 280 to Rs 1,400 per sq.ft. Some of these streets include Chinnakannan Street, Chinna Valaiyan Lane, and Chikkana Annamalai thevar lane, all valued at Rs 784 per sq.ft in 2024.