Guideline Value for Chinnappa Street1,2

Chinnappa Street1,2 guideline value

The current guideline value of Chinnappa Street1,2 is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - III.

How the guideline value of Chinnappa Street1,2 has changed

The guideline value for Chinnappa Street1,2 has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,120 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 12% in the guideline value.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that have a guideline value for 2024, ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value in this area is Rs 1,232 per sq.ft, indicating that Chinnappa Street1,2's 2024 figure is below that median.

• Chinna samy Layout: Rs 1,232 per sq.ft (2024)
• Chinna Street: Rs 1,005 per sq.ft (2024)
• Chinna thottam Street: Rs 1,001 per sq.ft (2024)
• Chinna Karuppa Gounder street: Rs 1,002 per sq.ft (2024)
• ChinnaGuru samy Layout: Rs 1,001 per sq.ft (2024)
• Chitra colony 1,2: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Street1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnappa Street1,2?

The Sub Registrar Office that covers Chinnappa Street1,2 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Uppilipalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chinnappa Street1,2?

The current guideline value of Chinnappa Street1,2 is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,120 per sq.ft in 2024.

What is the land classification for Chinnappa Street1,2?

Chinnappa Street1,2 is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Chinnappa Street1,2?

The Sub Registrar Office for Chinnappa Street1,2 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Chinnappa Street1,2?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 11,20,000, leading to a stamp duty of Rs 78,400.