Guideline Value for Chinthamani Nagar

Chinthamani Nagar guideline value

The current guideline value of Chinthamani Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This village falls under the Gandhipuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinthamani Nagar has changed

The guideline value for Chinthamani Nagar has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The most recent figures show an increase, with the 2023 revision at Rs 1,500 per sq.ft and the current 2024 revision at Rs 1,900 per sq.ft.

Between the revisions, the changes are notable. From 2007 to 2012, the value rose by 173%, but then fell by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023 and saw a further increase of 27% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 245%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, placing Chinthamani Nagar above this median.

• Chinnathambi Street: Rs 1,100 per sq.ft (2024)
• 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)
• Church Road or Sabapathy Street: Rs 2,240 per sq.ft (2024)
• Chinnappan Street: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chinthamani Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinthamani Nagar?

The Sub Registrar Office that covers Chinthamani Nagar 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 buying or selling property in Sanganur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and legally. This value helps in standardizing property transactions within the region.

Frequently asked questions

What is the current guideline value of Chinthamani Nagar?

The current guideline value of Chinthamani Nagar is Rs 1,900 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 550 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 245% over this period.

What are the stamp duty and registration fees for property in Chinthamani Nagar?

For a property with a guideline value of Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Chinthamani Nagar?

The Gandhipuram Sub Registrar Office covers Chinthamani Nagar, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification of Chinthamani Nagar?

Chinthamani Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.