Guideline Value for Deeran Chinnamalai Nagar

Deeran Chinnamalai Nagar guideline value

The current guideline value of Deeran Chinnamalai Nagar is Rs 600 per sq.ft, as per the 2023 revision. This area falls under Karumathapatti village and is governed by the Sulur SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Deeran Chinnamalai Nagar has changed

Over the years, the guideline value of Deeran Chinnamalai Nagar has seen significant changes. In the 2007 revision, the value was Rs 45 per sq.ft, which increased dramatically to Rs 600 per sq.ft in the 2012 revision, marking a substantial increase of 1233%. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. The most recent revision in 2023 set the guideline value at Rs 600 per sq.ft, reflecting an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street. Overall, from 2007 to 2023, the guideline value has increased by 1233%.

Guideline values in Karumathapatti

Currently, there are no specific village figures provided for Karumathapatti. Deeran Chinnamalai Nagar is one of the streets under the Sulur SRO. Unfortunately, there are no other streets in Karumathapatti listed in the available data.

Stamp duty and registration fee for property in Deeran Chinnamalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is essential to remember that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Deeran Chinnamalai Nagar?

The Sub Registrar Office that covers Deeran Chinnamalai Nagar 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 more information.

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

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

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Deeran Chinnamalai Nagar?

The current guideline value of Deeran Chinnamalai Nagar is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 45 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and finally returned to Rs 600 per sq.ft in 2023.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value is Rs 6,00,000, resulting in a total fee of Rs 54,000.

Which Sub Registrar Office covers Deeran Chinnamalai Nagar?

The Sulur Sub Registrar Office covers Deeran Chinnamalai Nagar, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

Are there other streets in Karumathapatti with guideline values?

Currently, there are no other streets in Karumathapatti listed with guideline values in the available data.