Guideline Value for Chinnappa Gounder Street

Chinnappa Gounder Street guideline value

The current guideline value of Chinnappa Gounder Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chinnappa Gounder Street has changed

The guideline value of Chinnappa Gounder Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 indicates a significant increase of 450% in the guideline value.

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, with a median value of Rs 1,120 per sq.ft. Chinnappa Gounder Street's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in Chinnappa Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Chinnappa Gounder Street?

The Sub Registrar Office that covers Chinnappa Gounder Street is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, 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 plays a crucial role during the registration process of property transactions in Sanganur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Chinnappa Gounder Street?

The current guideline value of Chinnappa Gounder Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the registration office for Chinnappa Gounder Street?

The registration office for Chinnappa Gounder Street is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find more information about the guideline values?

More information about the guideline values can be found in the Registration Department's guideline value register (TNReginet).