Guideline Value for Chinnathambi Street

Chinnathambi Street guideline value

The current guideline value of Chinnathambi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chinnathambi Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, which was an increase of 87%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

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, with the median value being Rs 1,120 per sq.ft. Chinnathambi Street's 2024 figure is below that median.

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

Stamp duty and registration fee for property in Chinnathambi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinnathambi Street?

The Sub Registrar Office that covers Chinnathambi 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 information.

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

The guideline value is a crucial factor when registering property in Sanganur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value provides a standard reference point. Buyers and sellers should be aware that the actual sale price may influence the final amount payable in duties and fees, as the higher of the guideline value or sale price is used for calculations.

Frequently asked questions

What is the current guideline value of Chinnathambi Street?

The current guideline value of Chinnathambi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, which is a total increase of 450% over the years.

What are the stamp duty and registration fees for property in Chinnathambi Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in Sanganur?

The Gandhipuram Sub Registrar Office handles property registrations in Sanganur. It is located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions. It serves as a reference point to ensure compliance with government regulations.