Guideline Value for Chinnara valasu Madurai Veeran kovil street ward 5 390

Chinnara valasu Madurai Veeran kovil street ward 5 390 guideline value

The current guideline value for Chinnara valasu Madurai Veeran kovil street ward 5 390 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mulanur village and falls under the Moolanur Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Chinnara valasu Madurai Veeran kovil street ward 5 390 has changed

Over the years, the guideline value for Chinnara valasu Madurai Veeran kovil street ward 5 390 has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the guideline value surged to Rs 200 per sq.ft, reflecting a significant increase of 199%. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Mulanur

In Mulanur, there are 77 streets under the Moolanur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 241 per sq.ft. Chinnara valasu Madurai Veeran kovil street ward 5 390's 2024 figure is below this median.

• Chinnaravalasu Savadi street ward 5 390: Rs 200 per sq.ft (2024)
• East Harijana StreetGanesan puthur ward 2 689/4: Rs 200 per sq.ft (2024)
• East Harijan colony ward 6 501/2: Rs 200 per sq.ft (2024)
• Easwaran Kovil Street -ward9 616/A1A,A1B,616/E: Rs 300 per sq.ft (2024)
• Gandhi Street: Rs 300 per sq.ft (2024)
• Bharathi Nagar 359/1 to 10: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnara valasu Madurai Veeran kovil street ward 5 390

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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 Chinnara valasu Madurai Veeran kovil street ward 5 390?

The Sub Registrar Office covering Chinnara valasu Madurai Veeran kovil street ward 5 390 is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mulanur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling a property.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it directly influences the costs involved in the registration process. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Chinnara valasu Madurai Veeran kovil street ward 5 390?

The current guideline value for Chinnara valasu Madurai Veeran kovil street ward 5 390 is Rs 200 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 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 100%.

What is the land classification for this street?

The land classification for Chinnara valasu Madurai Veeran kovil street ward 5 390 is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Chinnara valasu Madurai Veeran kovil street ward 5 390 is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone.

What is the stamp duty for a property in this area?

The stamp duty for a property in Chinnara valasu Madurai Veeran kovil street ward 5 390 is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.