Guideline Value for CHIKKINAPURAM ARIJANA STREET (RS.NO.272/1)

Chikkinapuram Arijana Street (Rs.No.272/1) guideline value

The current guideline value for Chikkinapuram Arijana Street (Rs.No.272/1) is Rs 200 per sq.ft. This street is located in Selampalayam village and falls under the Dharapuram SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Chikkinapuram Arijana Street (Rs.No.272/1) has changed

The guideline value for Chikkinapuram Arijana Street has seen significant changes over the years. The earliest recorded revision was in 2012, where the value was Rs 50 per sq.ft. This increased to Rs 33 per sq.ft in 2017, marking a decrease of 34%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, which is an increase of 506%. The 2023 revision maintained this value, and the current guideline value effective from 1 July 2024 remains at Rs 200 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 300%.

Guideline values in Selampalayam

In Selampalayam, there are 26 streets under the Dharapuram SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Chikkinapuram Arijana Street's 2024 figure aligns with this median.

• Chikkinapuram Boyar Street: Rs 200 per sq.ft (2024)
• Chikkinapuram Kudi Street: Rs 200 per sq.ft (2024)
• Chikkinapuram South Street: Rs 200 per sq.ft (2024)
• Chikkinapuram Thaneer Panthal: Rs 200 per sq.ft (2024)
• Kallivalasu Arijana Street: Rs 200 per sq.ft (2024)
• Kallivalasu East Soundamman Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chikkinapuram Arijana Street (Rs.No.272/1)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is calculated at 7%, which is Rs 14,000, and the registration fee is 2%, totaling Rs 4,000. Therefore, the total cost for stamp duty and registration fee together is Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chikkinapuram Arijana Street (Rs.No.272/1)?

The Sub Registrar Office that covers Chikkinapuram Arijana Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selampalayam. It serves as a basis for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chikkinapuram Arijana Street?

The current guideline value of Chikkinapuram Arijana Street (Rs.No.272/1) is Rs 200 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 50 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, showing an overall increase of 300% over this period.

What is the land classification for Chikkinapuram Arijana Street?

The land classification for Chikkinapuram Arijana Street is Residential Class III Type - V.

Where can I find the registration office for this street?

The registration office for Chikkinapuram Arijana Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is stamp duty calculated for properties in Selampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.