Guideline Value for Chinnappan Street

Chinnappan Street guideline value

The current guideline value of Chinnappan Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Chinnappan Street has changed

Over the years, the guideline value of Chinnappan Street has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, the value dropped to Rs 670 per sq.ft in 2017, before rising significantly to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has further increased the guideline value to Rs 1,120 per sq.ft.

In terms of percentage changes, the value increased by 82% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 represents a 12% increase. Overall, from 2007 to 2024, the guideline value has increased by 104%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur, there are a total of 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, which is equal to the guideline value of Chinnappan Street.

• Chinnappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy 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)
• 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 Chinnappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, bringing the total fees to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnappan Street?

The Sub Registrar Office that covers Chinnappan Street is the Gandhipuram Sub Registrar Office, located at 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 in property transactions in Sanganur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider the guideline value as it reflects the official valuation of the property for legal and taxation purposes.

When a property is bought or sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnappan Street?

The current guideline value of Chinnappan Street 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 550 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 104% over the years.

What are the stamp duty and registration fees for property in Chinnappan Street?

For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Which office handles registrations for Chinnappan Street?

The Gandhipuram Sub Registrar Office handles registrations for Chinnappan Street, located at Kalapatti Road, near Saravanampatti Police Station.

What is the land classification of Chinnappan Street?

Chinnappan Street is classified as Residential Class I Type - III, indicating its suitability for residential development.