Guideline Value for Chinnia Gounder Nagar

Chinnia Gounder Nagar guideline value

The current guideline value of Chinnia Gounder Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Irugur village under the Singanallur SRO and is classified as Residential Class III Type - II.

How the guideline value of Chinnia Gounder Nagar has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This increased to Rs 250 per sq.ft in the 2023 revision, marking a 50% rise over six years. The most recent revision in 2024 set the value at Rs 275 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO carrying a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft, with a median value of Rs 440 per sq.ft. Chinnia Gounder Nagar's 2024 figure is below this median.

• Chinniampalayam panchayat venkatapuram road: Rs 550 per sq.ft (2024)
• Chinniyampalayam Road: Rs 600 per sq.ft (2024)
• Chinnapadevar santhu: Rs 440 per sq.ft (2024)
• Chinnan Street: Rs 880 per sq.ft (2024)
• Daisy Garden: Rs 440 per sq.ft (2024)
• Deepam nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnia Gounder Nagar

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnia Gounder Nagar?

The Sub Registrar Office covering Chinnia Gounder Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Irugur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in establishing a fair transaction price, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Chinnia Gounder Nagar?

The current guideline value of Chinnia Gounder Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 167 per sq.ft to Rs 275 per sq.ft in 2024, marking a total increase of 65% over this period.

What is the land classification of Chinnia Gounder Nagar?

Chinnia Gounder Nagar is classified as Residential Class III Type - II, indicating its designation for residential purposes.

What are the other guideline values in Irugur?

In Irugur, the guideline values for other streets range from Rs 220 to Rs 2,200 per sq.ft, with a median value of Rs 440 per sq.ft. Chinnia Gounder Nagar's value is below this median.

Where is the Sub Registrar Office for Chinnia Gounder Nagar located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. This office handles registrations for properties in Chinnia Gounder Nagar.