Guideline Value for Chinnaravalasu Savadi street ward 5 390

Chinnaravalasu Savadi street ward 5 390 guideline value

The current guideline value of Chinnaravalasu Savadi street ward 5 390 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mulanur village under the Moolanur SRO, classified as Residential Class IV Type - I.

How the guideline value of Chinnaravalasu Savadi street ward 5 390 has changed

In the 2012 revision, the guideline value was Rs 100 per sq.ft. This increased to Rs 67 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, reflecting an increase of 199%. The 2023 revision also maintained the value at Rs 200 per sq.ft, which will continue into the 2024 revision.

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

Guideline values in Mulanur

In Mulanur, there are 77 streets under the Moolanur SRO with a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 241 per sq.ft, placing Chinnaravalasu Savadi street's 2024 figure below that median.

• Chinnara valasu Madurai Veeran kovil 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 Chinnaravalasu Savadi street ward 5 390

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. 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 Chinnaravalasu Savadi street ward 5 390?

The Sub Registrar Office that covers Chinnaravalasu Savadi 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

When buying or selling property in Mulanur, the guideline value is a critical factor in determining the registration fees and stamp duty. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to understand that the guideline value serves as a benchmark for property transactions in the area, ensuring transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Chinnaravalasu Savadi street ward 5 390?

The current guideline value of Chinnaravalasu Savadi 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 seen various changes, starting from Rs 100 per sq.ft in 2012, decreasing to Rs 67 per sq.ft in 2017, and then increasing to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for this street?

Chinnaravalasu Savadi street ward 5 390 is classified as Residential Class IV Type - I.

What are the other streets with similar guideline values in Mulanur?

Other streets in Mulanur with a guideline value of Rs 200 per sq.ft include Chinnara valasu Madurai Veeran kovil street ward 5 390, East Harijana StreetGanesan puthur ward 2 689/4, and East Harijan colony ward 6 501/2.

Where is the Sub Registrar Office located?

The Moolanur Sub Registrar Office is located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone.