Guideline Value for CHETTIPALAYAM

Chettipalayam guideline value

The current guideline value of Chettipalayam is Rs 703 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Chettipalayam has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This increased to Rs 234 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 200%, reaching Rs 703 per sq.ft. The 2023 revision also maintained the same value of Rs 703 per sq.ft for the 2024 revision, indicating no change.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Chettipalayam

Chettipalayam has 100 streets under the Tiruppur Joint I SRO, with the 2024 guideline values ranging from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 703 per sq.ft, which is equal to the current value for this street.

• Chinnasamy Colony: Rs 700 per sq.ft (2024)
• Chandra Colony: Rs 705 per sq.ft (2024)
• Chinthu Nagar: Rs 703 per sq.ft (2024)
• Bishmi Nagar: Rs 703 per sq.ft (2024)
• Birla Nagar: Rs 703 per sq.ft (2024)
• Balu Innovesan: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Chettipalayam

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, totaling Rs 63,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chettipalayam?

The Sub Registrar Office that covers Chettipalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Chettipalayam

The guideline value is a crucial factor when registering property transactions in Chettipalayam. It determines the minimum value for the property, which is essential for calculating stamp duty and registration fees.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for the valuation of properties in the area, influencing the overall registration process.

Frequently asked questions

What is the current guideline value of Chettipalayam?

The current guideline value of Chettipalayam is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 703 per sq.ft in 2023 and 2024.

What is the land classification of Chettipalayam?

Chettipalayam is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Chettipalayam?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

How is stamp duty calculated in Chettipalayam?

Stamp duty in Chettipalayam is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,03,000, the stamp duty would be Rs 49,210 at 7%.