Guideline Value for Cinnakannan pudur

Cinnakannan pudur guideline value

The current guideline value of Cinnakannan pudur is Rs 325 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village under the Periyanayakkan Palayam SRO, classified as Residential Class III Type - II.

How the guideline value of Cinnakannan pudur has changed

The guideline value for Cinnakannan pudur has seen significant changes over the years. In the 2012 revision, the value was Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. However, from 2017 to 2023, it surged to Rs 300 per sq.ft, marking a substantial increase of 348%. The latest revision in 2024 has set the value at Rs 325 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 225%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 320 to Rs 1,110 per sq.ft. The median value for these streets is Rs 370 per sq.ft, placing Cinnakannan pudur's 2024 figure below that median.

• C.S.I. Nagar: Rs 340 per sq.ft (2024)
• Dhamu Nagar: Rs 420 per sq.ft (2024)
• Chandramani Nagar: Rs 370 per sq.ft (2024)
• Dhyan Residency: Rs 660 per sq.ft (2024)
• D.R.D. Nagar: Rs 420 per sq.ft (2024)
• Duraisamy Nagar: Rs 420 per sq.ft (2024)

Stamp duty and registration fee for property in Cinnakannan pudur

For a 1,000 sq.ft plot at the current guideline value of Rs 325 per sq.ft, the total guideline value would be Rs 3,25,000. The stamp duty at 7% would amount to Rs 22,750, and the registration fee at 2% would be Rs 6,500, bringing the total fees to Rs 29,250. Please 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 details.

Which Sub Registrar Office covers Cinnakannan pudur?

The Sub Registrar Office that covers Cinnakannan pudur is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Gudalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value, as the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Cinnakannan pudur?

The current guideline value of Cinnakannan pudur is Rs 325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 325 per sq.ft in 2024.

What is the median guideline value in Gudalur?

The median guideline value for streets in Gudalur under the Periyanayakkan Palayam SRO is Rs 370 per sq.ft, which is above the current value of Cinnakannan pudur.

What are the stamp duty rates in Cinnakannan pudur?

The stamp duty in Cinnakannan pudur is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Cinnakannan pudur located?

The Sub Registrar Office for Cinnakannan pudur is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.