Guideline Value for Chinnasamy Gounder Street

Chinnasamy Gounder Street guideline value

The current guideline value of Chinnasamy Gounder Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chinnasamy Gounder Street has changed

Over the years, the guideline value of Chinnasamy Gounder Street has seen several revisions. The 2007 revision recorded a guideline value of Rs 360 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, the value dropped to Rs 536 per sq.ft in the 2017 revision. The most recent revisions in 2023 and 2024 both set the guideline value at Rs 1,000 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 87%, and from 2012 to 2017, it decreased by 33%. Notably, the value surged by 122% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has risen by 178%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Chinnasamy Gounder Street's 2024 figure below this median.

• CHOLAN NAGAR Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• CHOLAN Nagar (Ward No. 18): Rs 1,001 per sq.ft (2024)
• Chetti Thottam: Rs 1,000 per sq.ft (2024)
• Chozhan Nagar: Rs 1,100 per sq.ft (2024)
• Chettiar Thottam: Rs 1,000 per sq.ft (2024)
• Chettiar Nagar: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Gounder Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chinnasamy Gounder Street?

The Sub Registrar Office that covers Chinnasamy Gounder Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Vadavalli. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers often reference this value to ensure that the transaction is in line with the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Chinnasamy Gounder Street?

The current guideline value of Chinnasamy Gounder Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024. It was Rs 536 per sq.ft in 2017, Rs 800 per sq.ft in 2012, and Rs 360 per sq.ft in 2007.

What is the land classification for Chinnasamy Gounder Street?

The land classification for Chinnasamy Gounder Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Chinnasamy Gounder Street?

The Sub Registrar Office for Chinnasamy Gounder Street is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Vadavalli?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 10,00,000 would be Rs 70,000 at 7%.