Guideline Value for CHENNIYAPPA NAGAR

Chenniyappa Nagar guideline value

The current guideline value of Chenniyappa Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This area is part of Ward - F village under the Tiruppur Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Chenniyappa Nagar has changed

The guideline value for Chenniyappa Nagar has undergone several revisions over the years. In 2007, the value was Rs 295 per sq.ft, which increased significantly to Rs 650 per sq.ft in 2012. However, it then saw a decrease to Rs 435 per sq.ft in 2017. The value rose to Rs 700 per sq.ft in 2023, and currently stands at Rs 708 per sq.ft as per the 2024 revision.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 120%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 61%; and from 2023 to 2024, an increase of 1%. Overall, the guideline value has increased by 140% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft. The median value is Rs 706 per sq.ft, placing Chenniyappa Nagar's current guideline value above this median.

• Chairman Kandasamy Nagar: Rs 880 per sq.ft (2024)
• Chinnappa Layout: Rs 708 per sq.ft (2024)
• Chithi Boomi: Rs 2,200 per sq.ft (2024)
• Devaraj Nagar: Rs 704 per sq.ft (2024)
• Devendra Street: Rs 707 per sq.ft (2024)
• Gayathri Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chenniyappa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 708 per sq.ft, the 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, totaling Rs 63,720. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chenniyappa Nagar?

The Sub Registrar Office that covers Chenniyappa Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - F

The guideline value is a critical factor during property registration in Ward - F. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Chenniyappa Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, reflecting an overall increase of 140% over the years.

What is the registration office for Chenniyappa Nagar?

The registration office for Chenniyappa Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

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

For a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 and the registration fee would be Rs 14,160, totaling Rs 63,720.

What is the land classification of Chenniyappa Nagar?

Chenniyappa Nagar is classified as Mixed Type - I land, which may influence its usage and development potential.