Guideline Value for CHENNIMALAIPALAYAM NATTHAM

Chennimalaipalayam Nattham guideline value

The current guideline value of Chennimalaipalayam Nattham is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Chennimalaipalayam Nattham has changed

The guideline value for Chennimalaipalayam Nattham has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 700 per sq.ft in 2023, and it further rose to Rs 708 per sq.ft in the 2024 revision, marking a 1% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 183%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value in this area is Rs 714 per sq.ft, placing Chennimalaipalayam Nattham's 2024 figure below this median.

• Chennimalaipalayam Ad Colony Nattham: Rs 701 per sq.ft (2024)
• Cheran Employees Garden: Rs 712 per sq.ft (2024)
• Cheran Nagar: Rs 913 per sq.ft (2024)
• Chandrapuram Natham: Rs 716 per sq.ft (2024)
• CHANDRAPURAM MAIN ROAD(PAP Nagar Road To Sevandhampalayam): Rs 913 per sq.ft (2024)
• CHANDRAPURAM MAIN ROAD (Dharapuram Road To PAP Nagar Road): Rs 913 per sq.ft (2024)

Stamp duty and registration fee for property in Chennimalaipalayam Nattham

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total cost for these fees to Rs 63,720. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chennimalaipalayam Nattham?

The Sub Registrar Office that covers Chennimalaipalayam Nattham is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nallur. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, which helps to maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Chennimalaipalayam Nattham?

The current guideline value of Chennimalaipalayam Nattham is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased by 183% to reach Rs 708 per sq.ft in 2024. Notably, there was a significant jump of 319% from 2017 to 2023.

What is the land classification for Chennimalaipalayam Nattham?

Chennimalaipalayam Nattham is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Chennimalaipalayam Nattham?

The stamp duty for property transactions in Chennimalaipalayam Nattham is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Nallur_Tiruppur Sub Registrar Office covers Chennimalaipalayam Nattham. For more information, you can visit the find your SRO page.