Guideline Value for chinnu garden

Chinnu Garden guideline value

The current guideline value of Chinnu Garden, located in Karumandichellipalayam village under the Perundurai SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Chinnu Garden has changed

Reviewing the revisions of the guideline value for Chinnu Garden, we see that the 2012 revision set the value at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, which also recorded Rs 201 per sq.ft. The 2023 revision again noted Rs 300 per sq.ft, and the most recent 2024 revision continues this figure. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, there was an increase of 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Karumandichellipalayam

In Karumandichellipalayam, there are 111 streets under the Perundurai SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 1,650 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Chinnu Garden is below this median.

• Cheran Nagar: Rs 350 per sq.ft (2024)
• Golden Nagar: Rs 350 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Bagath sing nagar: Rs 350 per sq.ft (2024)
• Malligai nagar: Rs 350 per sq.ft (2024)
• Marudham Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the 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 Chinnu Garden?

The Sub Registrar Office that covers Chinnu Garden is the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052., Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Karumandichellipalayam. It serves as the minimum value for registration, ensuring that properties are not sold below this established rate. Buyers and sellers must consider this value during negotiations to comply with local regulations.

When registering a property, the guideline value directly influences the stamp duty and registration fees. It is essential for buyers to be aware of the guideline value to accurately calculate the total costs associated with the property transaction.

Frequently asked questions

What is the current guideline value of Chinnu Garden?

The current guideline value of Chinnu Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chinnu Garden has seen various revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. Notably, there was a 49% increase from 2017 to 2023.

What is the land classification for Chinnu Garden?

Chinnu Garden is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Chinnu Garden?

For a plot of 1,000 sq.ft at the guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles the registration for Chinnu Garden?

The registration for Chinnu Garden is handled by the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052., Coimbatore registration zone.