Guideline Value for Chinnkka Krishnath thevar lane

Chinnkka Krishnath thevar lane guideline value

The current guideline value of Chinnkka Krishnath thevar lane is Rs 784 per sq.ft, effective from 1 July 2024. This lane is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chinnkka Krishnath thevar lane has changed

Over the years, the guideline value for Chinnkka Krishnath thevar lane has seen significant changes. The 2007 revision recorded a value of Rs 150 per sq.ft, which increased dramatically to Rs 700 per sq.ft in 2012, marking a rise of 367%. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a drop of 33%. The value then rose again to Rs 700 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 784 per sq.ft, an increase of 12% from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 423%.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO that carry a 2024 guideline value, ranging from Rs 280 to Rs 1,400 per sq.ft. The median guideline value is Rs 784 per sq.ft, which is equal to the current value of Chinnkka Krishnath thevar lane.

• Chinnkka Rangasamy Thevar street: Rs 784 per sq.ft (2024)
• Chinna Valaiyan Lane: Rs 784 per sq.ft (2024)
• Chinnapathevar Ayyar Street: Rs 560 per sq.ft (2024)
• Chinnakannan Street: Rs 784 per sq.ft (2024)
• Chikkana Annamalai thevar lane: Rs 784 per sq.ft (2024)
• Charmen Karuppannath thevar street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnkka Krishnath thevar lane

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value would be Rs 7,84,000. The stamp duty at 7% would amount to Rs 54,880, and the registration fee at 2% would be Rs 15,680, bringing the total cost for these fees to Rs 70,560. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnkka Krishnath thevar lane?

The Sub Registrar Office that covers Chinnkka Krishnath thevar lane is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sulur. It serves as a basis for calculating the stamp duty and registration fees that need to be paid during the transaction. The authorities refer to the guideline value to ensure that the transaction is recorded accurately and fairly.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chinnkka Krishnath thevar lane?

The current guideline value of Chinnkka Krishnath thevar lane is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, reflecting an overall increase of 423% over this period.

What is the classification of Chinnkka Krishnath thevar lane?

Chinnkka Krishnath thevar lane is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this lane?

The Sub Registrar Office for Chinnkka Krishnath thevar lane is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 70,560.