Guideline Value for Chinnasamy Street(507/1)

Chinnasamy Street(507/1) guideline value

The current guideline value of Chinnasamy Street(507/1) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in P.Mettupalayam village under the Kavundapadi SRO, and it falls under the Residential Class III Type - V land classification.

How the guideline value of Chinnasamy Street(507/1) has changed

Since the 2002 revision, the guideline value for Chinnasamy Street(507/1) has experienced significant changes. The guideline value was Rs 26 per sq.ft in 2002, which increased to Rs 29 per sq.ft in 2003. Following this, the value rose to Rs 46 per sq.ft in 2007, then to Rs 100 per sq.ft in 2012. The 2017 revision saw a substantial increase to Rs 67 per sq.ft, and the value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 669%. The changes between specific revisions were notable, with a 117% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a significant 199% increase from 2017 to 2023.

Guideline values in P.Mettupalayam

P.Mettupalayam has a total of 65 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current value of Chinnasamy Street(507/1).

• Cholan Street (453/1): Rs 200 per sq.ft (2024)
• Boomandigoundanur Main Road (434/2,3,4,443/1): Rs 200 per sq.ft (2024)
• Boomandigoundanur (420/1,2,421/1,2,3, 425/6,7,8): Rs 200 per sq.ft (2024)
• Elango Street (443/1): Rs 200 per sq.ft (2024)
• Elankeswaran Street (451): Rs 200 per sq.ft (2024)
• Erankadu Village East Gobi Part (548/2): Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Street(507/1)

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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinnasamy Street(507/1)?

The Sub Registrar Office that covers Chinnasamy Street(507/1) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P.Mettupalayam

The guideline value is a crucial factor in the registration of properties in P.Mettupalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnasamy Street(507/1)?

The current guideline value of Chinnasamy Street(507/1) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Chinnasamy Street(507/1)?

The guideline value has increased from Rs 26 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of 669% over the years.

What is the land classification for Chinnasamy Street(507/1)?

Chinnasamy Street(507/1) falls under the Residential Class III Type - V land classification.

What are the stamp duty and registration fees for property in Chinnasamy Street(507/1)?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office located for Chinnasamy Street(507/1)?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.