Guideline Value for Chinniran Street (165)

Chinniran Street (165) guideline value

The current guideline value of Chinniran Street (165) is Rs 210 per sq.ft, effective from 1 July 2024. This street is located in Thadapalli Gramam village under the Sathyamangalam SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinniran Street (165) has changed

The guideline value for Chinniran Street has seen several revisions over the years. Starting from Rs 21 per sq.ft in 2002, it increased to Rs 35 per sq.ft in 2007, marking a significant rise of 67%. The value remained unchanged at Rs 150 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw a substantial increase to Rs 210 per sq.ft, reflecting a 40% rise from the previous year.

There are no figures available for the years 2003 and 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 900%.

Guideline values in Thadapalli Gramam

In Thadapalli Gramam, there are 60 streets under the Sathyamangalam SRO that carry a 2024 guideline value, with the median also being Rs 210 per sq.ft. Chinniran Street (165) is aligned with this median value.

• Erapalayam Mariamman Kovil Street (332): Rs 210 per sq.ft (2024)
• Eswarmurhti Street (154): Rs 210 per sq.ft (2024)
• Eswarn Street (145/2,3): Rs 210 per sq.ft (2024)
• Gandhi Nagar (202): Rs 210 per sq.ft (2024)
• Ganpathypalayam Pallampalayam (334/1): Rs 210 per sq.ft (2024)
• Balusamy Street (165): Rs 210 per sq.ft (2024)

Stamp duty and registration fee for property in Chinniran Street (165)

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value would be Rs 2,10,000. The stamp duty at 7% would amount to Rs 14,700, and the registration fee at 2% would be Rs 4,200, bringing the total fees together to Rs 18,900. 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 information on fees.

Which Sub Registrar Office covers Chinniran Street (165)?

Chinniran Street (165) falls under the jurisdiction of the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more assistance.

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

The guideline value is a crucial reference point when buying or selling property in Thadapalli Gramam. It helps determine the stamp duty and registration fees that are applicable during the registration process.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Chinniran Street (165)?

The current guideline value of Chinniran Street (165) is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 21 per sq.ft in 2002 to Rs 210 per sq.ft in 2024, marking an overall increase of 900% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot valued at Rs 2,10,000, the stamp duty would be Rs 14,700 and the registration fee would be Rs 4,200, totaling Rs 18,900.

Which office handles registrations for Chinniran Street (165)?

The Sathyamangalam Sub Registrar Office handles registrations for Chinniran Street (165), located at No.75, Municipal Primary School, North Street, atthani Road, Sathyamangalam - 638401.

Are there other streets with the same guideline value in Thadapalli Gramam?

Yes, several other streets in Thadapalli Gramam have the same guideline value of Rs 210 per sq.ft in 2024, including Erapalayam Mariamman Kovil Street and Eswarmurhti Street.