Guideline Value for Chinnasamy Layout

Chinnasamy Layout guideline value

The current guideline value of Chinnasamy Layout is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the jurisdiction of the Singanallur SRO. The land classification for this layout is Residential Class I Type - III.

How the guideline value of Chinnasamy Layout has changed

The guideline value for Chinnasamy Layout has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,001 per sq.ft, up from Rs 1,000 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, and the 2012 revision was Rs 600 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

Analyzing the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 149%. Overall, from 2012 to 2024, the guideline value has risen by 67%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Chinnasamy Layout's 2024 figure below this median.

• Chinnayathottam kudisaikal: Rs 1,002 per sq.ft (2024)
• ChinnaGurusamy Layout: Rs 1,001 per sq.ft (2024)
• Cherannagar: Rs 1,568 per sq.ft (2024)
• Chandrakala Township Phase-I: Rs 1,792 per sq.ft (2024)
• Chandrakala Township Phase-2: Rs 1,792 per sq.ft (2024)
• Chandrakala Township: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total amount to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnasamy Layout?

The Chinnasamy Layout is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Singanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Chinnasamy Layout?

The current guideline value of Chinnasamy Layout is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 67% during this period.

What is the land classification for Chinnasamy Layout?

The land classification for Chinnasamy Layout is Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Chinnasamy Layout?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is stamp duty calculated for property transactions in Chinnasamy Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at a rate of 7%.