Guideline Value for Chitra gardens

Chitra gardens guideline value

The current guideline value of Chitra gardens is Rs 1,232 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village under the Singanallur SRO and is classified as Residential Class I Type - II.

How the guideline value of Chitra gardens has changed

The guideline value of Chitra gardens has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 400 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, but then dropped to Rs 737 per sq.ft in 2017. The value saw a substantial rise to Rs 1,100 per sq.ft again in 2023, and the latest revision in 2024 set it at Rs 1,232 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 208%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value is Rs 1,232 per sq.ft, which matches the current guideline value of Chitra gardens.

• Chitra colony 1,2: Rs 1,120 per sq.ft (2024)
• Chinna thottam Street: Rs 1,001 per sq.ft (2024)
• Chinna Street: Rs 1,005 per sq.ft (2024)
• CKH-Thulasi Enclave: Rs 2,520 per sq.ft (2024)
• Chinna samy Layout: Rs 1,232 per sq.ft (2024)
• Chinnappa Street1,2: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chitra gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value would be Rs 12,32,000. The stamp duty at 7% would amount to Rs 86,240, and the registration fee at 2% would be Rs 24,640, making the total fees together Rs 1,10,880. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chitra gardens?

The Sub Registrar Office that covers Chitra gardens is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Uppilipalayam. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

It is essential for buyers and sellers to understand that the guideline value is set by the government and reflects the minimum value at which properties can be registered. This helps maintain transparency in property transactions and ensures that the state receives appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Chitra gardens?

The current guideline value of Chitra gardens is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,232 per sq.ft in 2024, marking an overall increase of 208% over the years.

What is the stamp duty rate for property in Chitra gardens?

The stamp duty rate for property in Chitra gardens is 7% of the guideline value or the sale price, whichever is higher.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

What are the other streets in Uppilipalayam with guideline values?

Other streets in Uppilipalayam include Chitra colony 1,2 at Rs 1,120 per sq.ft, Chinna thottam Street at Rs 1,001 per sq.ft, and CKH-Thulasi Enclave at Rs 2,520 per sq.ft, among others.