Guideline Value for CHENNIAPPA LAYOUT

Chenniappa Layout guideline value

The current guideline value for Chenniappa Layout in Veerapandi village under the Nallur_Tiruppur SRO is Rs 722 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - I.

How the guideline value of Chenniappa Layout has changed

Over the years, the guideline value for Chenniappa Layout has seen significant changes. The 2007 revision set the value at Rs 75 per sq.ft, which rose sharply to Rs 575 per sq.ft in 2012, marking an increase of 667%. However, from 2012 to 2017, the value decreased to Rs 385 per sq.ft, a decline of 33%. Following this, the 2017 revision brought the value up to Rs 700 per sq.ft in 2023, an increase of 82%. The most recent 2024 revision has set the value at Rs 722 per sq.ft, reflecting a rise of 3% from the previous year.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 863%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing the 2024 guideline value for Chenniappa Layout above the median.

• Chinnapalanisamy Gounder Nagar: Rs 718 per sq.ft (2024)
• Chinnsamygounderlay Out: Rs 708 per sq.ft (2024)
• Classic Garden: Rs 1,031 per sq.ft (2024)
• Cmc Green Avenue: Rs 708 per sq.ft (2024)
• College Pudur: Rs 1,031 per sq.ft (2024)
• Dhanalakshmi Nagar (358): Rs 1,031 per sq.ft (2024)

Stamp duty and registration fee for property in Chenniappa Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 722 per sq.ft, the total guideline value amounts to Rs 7,22,000. The stamp duty at 7% would be Rs 50,540, and the registration fee at 2% would be Rs 14,440, bringing the total cost to Rs 64,980. 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 Chenniappa Layout?

The Chenniappa Layout is covered by the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These costs are typically based on the higher of the guideline value or the agreed sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Chenniappa Layout?

The current guideline value for Chenniappa Layout is Rs 722 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 75 per sq.ft in 2007 to Rs 722 per sq.ft in 2024, marking an overall increase of 863%.

What are the other streets in Veerapandi with their guideline values?

Other streets in Veerapandi include Chinnapalanisamy Gounder Nagar at Rs 718 per sq.ft, Chinnsamygounderlay Out at Rs 708 per sq.ft, and Classic Garden at Rs 1,031 per sq.ft, among others.

What are the stamp duty and registration fees for property in Chenniappa Layout?

The stamp duty for a property valued at Rs 7,22,000 is Rs 50,540, while the registration fee is Rs 14,440, totaling Rs 64,980.

Which Sub Registrar Office covers Chenniappa Layout?

The Nallur_Tiruppur Sub Registrar Office covers Chenniappa Layout, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.