Guideline Value for Chinnasamy Street

Chinnasamy Street guideline value

The current guideline value of Chinnasamy Street, located in Punjaipuliampatti village, is Rs 780 per sq.ft, effective from 1 July 2024. This street falls under the Punchaipuliyampatti SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinnasamy Street has changed

Over the years, the guideline value of Chinnasamy Street has seen significant changes. The 2007 revision set the value at Rs 110 per sq.ft, which increased dramatically to Rs 700 per sq.ft in 2012, marking a rise of 536%. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a drop of 33%. The 2017 revision brought the value back up to Rs 700 per sq.ft in 2023, reflecting a 49% increase. Finally, the current 2024 revision has set the value at Rs 780 per sq.ft, an increase of 11% from the previous year.

The guideline value register has no figures for Chinnasamy Street for the years 2002 and 2003.

Guideline values in Punjaipuliampatti

In Punjaipuliampatti, there are 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 1,680 per sq.ft. The median value for these streets is Rs 780 per sq.ft, which aligns with the current guideline value of Chinnasamy Street.

• Church Street: Rs 780 per sq.ft (2024)
• Cheran Street: Rs 560 per sq.ft (2024)
• Chennimalaiyar Street: Rs 780 per sq.ft (2024)
• CP.Chitrarasu Street: Rs 670 per sq.ft (2024)
• Devaneyabavanar Street: Rs 780 per sq.ft (2024)
• Devendra Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, bringing the total fees to Rs 70,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnasamy Street?

The Sub Registrar Office covering Chinnasamy Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Punjaipuliampatti. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the appropriate fees based on either the sale price or the guideline value, whichever is higher. This ensures that all transactions are conducted transparently and fairly in accordance with the established norms.

Frequently asked questions

What is the current guideline value of Chinnasamy Street?

The current guideline value of Chinnasamy Street is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, reflecting an overall increase of 609% over the years.

What are the stamp duty and registration fees for property on Chinnasamy Street?

For a property valued at Rs 7,80,000, the stamp duty is Rs 54,600, and the registration fee is Rs 15,600, totaling Rs 70,200.

Which office handles registrations for Chinnasamy Street?

The Punchaipuliyampatti Sub Registrar Office handles registrations for Chinnasamy Street, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459.

What is the land classification of Chinnasamy Street?

Chinnasamy Street is classified as Residential Class I Type - I according to the local land classification guidelines.