Guideline Value for Chinnaswamy Nagar

Chinnaswamy Nagar guideline value

The current guideline value of Chinnaswamy Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Telgupalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Chinnaswamy Nagar has changed

The guideline value for Chinnaswamy Nagar has seen revisions over the years, with the most recent being in 2024 at Rs 1,000 per sq.ft. The previous revision in 2023 also recorded the same figure of Rs 1,000 per sq.ft. Notably, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 1,000 per sq.ft. This consistency indicates stability in the valuation for this specific street within the given period.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,000 per sq.ft, with a median value of Rs 1,002 per sq.ft. Chinnaswamy Nagar's 2024 figure is below that median.

• Chinnash Konar Street: Rs 1,002 per sq.ft (2024)
• Chinnasamy Naidu Thottam: Rs 1,000 per sq.ft (2024)
• Chinnanna Chettiar Street: Rs 1,000 per sq.ft (2024)
• Chindabaranar Veedhi: Rs 1,001 per sq.ft (2024)
• Classic Delex Right House: Rs 1,650 per sq.ft (2024)
• Chennimalai Andavar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnaswamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinnaswamy Nagar?

The Sub Registrar Office that covers Chinnaswamy Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Telgupalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fee and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures transparency and standardization in property transactions. It helps in assessing the correct fees payable and provides a benchmark for property valuations in the area.

Frequently asked questions

What is the current guideline value of Chinnaswamy Nagar?

The current guideline value of Chinnaswamy Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chinnaswamy Nagar has remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the median guideline value in Telgupalayam?

The median guideline value in Telgupalayam is Rs 1,002 per sq.ft based on the 2024 figures of the 223 streets under the Coimbatore South Joint 1 SRO.

What are the stamp duty and registration fees for properties in Chinnaswamy Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Chinnaswamy Nagar?

The Sub Registrar Office for Chinnaswamy Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find more information by visiting the appropriate links.