Guideline Value for Chinnasamy Street

Chinnasamy Street guideline value

The current guideline value of Chinnasamy Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Chinnasamy Street has changed

In the 2007 revision, the guideline value was Rs 550 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking an increase of 82%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a decline of 33%. The 2023 revision saw a significant rise to Rs 1,000 per sq.ft, followed by a further increase to Rs 1,120 per sq.ft in the 2024 revision, which is a 12% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 104%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value is Rs 1,120 per sq.ft, which is equal to the current value of Chinnasamy Street.

• Chinna Subbanna Gounder Layout: Rs 1,900 per sq.ft (2024)
• Chinna Subbanna Gounder Street: Rs 1,900 per sq.ft (2024)
• Chinnathambi Street: Rs 1,100 per sq.ft (2024)
• Chinnappan Street: Rs 1,120 per sq.ft (2024)
• Chinnappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Chinthamani Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnasamy Street?

The Sub Registrar Office that covers Chinnasamy Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Sanganur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions, as the guideline value reflects the prevailing market conditions as assessed by the authorities.

Frequently asked questions

What is the current guideline value of Chinnasamy Street?

The current guideline value of Chinnasamy Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes: Rs 550 per sq.ft in 2007, Rs 1,000 in 2012, Rs 670 in 2017, Rs 1,000 in 2023, and Rs 1,120 in 2024.

What is the land classification for Chinnasamy Street?

Chinnasamy Street falls under the Residential Class I Type - III land classification.

Where is the Sub Registrar Office for Chinnasamy Street located?

The Sub Registrar Office for Chinnasamy Street is located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone.

How is the stamp duty calculated for property in Chinnasamy Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,20,000 would incur a stamp duty of Rs 78,400 at 7%.