Guideline Value for Chinnasamy Road (Part) South Side 3rd Cross

Chinnasamy Road (Part) South Side 3rd Cross guideline value

The current guideline value of Chinnasamy Road (Part) South Side 3rd Cross is Rs 2,240 per sq.ft, effective from 1 July 2024. This street is located in Ganapathyward11 village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinnasamy Road (Part) South Side 3rd Cross has changed

The guideline value for Chinnasamy Road (Part) South Side 3rd Cross has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, there was a significant drop to Rs 1,340 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,000 per sq.ft in 2023, and then further to the current rate of Rs 2,240 per sq.ft in 2024, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 124%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathyward11

In Ganapathyward11, there are 104 streets under the Ganapathy SRO that have a 2024 guideline value ranging from Rs 1,120 to Rs 10,080 per sq.ft, with a median value of Rs 2,240 per sq.ft. Chinnasamy Road (Part) South Side 3rd Cross's 2024 figure aligns with this median.

• Chinnasamy Road (Part) South Side 1st Cross: Rs 2,240 per sq.ft (2024)
• Chinnasamy Road (Part) South Side: Rs 3,920 per sq.ft (2024)
• Chinnasamy Road (Part) North Side: Rs 3,920 per sq.ft (2024)
• Chinnsamy Road (Part) South Side 2nd Cross: Rs 2,240 per sq.ft (2024)
• Cross Cut Road North Side: Rs 10,080 per sq.ft (2024)
• Doctors Colony: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Road (Part) South Side 3rd Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value would be Rs 22,40,000. The stamp duty at 7% would amount to Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, making the total fees together Rs 2,01,600. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinnasamy Road (Part) South Side 3rd Cross?

The Sub Registrar Office that covers Chinnasamy Road (Part) South Side 3rd Cross is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ganapathyward11

The guideline value serves as a benchmark for property transactions in Ganapathyward11. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnasamy Road (Part) South Side 3rd Cross?

The current guideline value of Chinnasamy Road (Part) South Side 3rd Cross is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, representing an overall increase of 124% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 22,40,000, the stamp duty would be Rs 1,56,800 and the registration fee would be Rs 44,800, totaling Rs 2,01,600.

Which office handles property registration for this area?

The Ganapathy Sub Registrar Office handles property registration for Chinnasamy Road (Part) South Side 3rd Cross, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

Where can I find more information on guideline values?

More information on guideline values can be found in the Registration Department's guideline value register, available through the TNReginet.