Guideline Value for CHIKKINAPURAM KUDI STREET (RS.NO.274/2,274/3)

Chikkinapuram Kudi Street (Rs.No.274/2,274/3) guideline value

The current guideline value of Chikkinapuram Kudi Street (Rs.No.274/2,274/3) is Rs 200 per sq.ft, effective from 1 July 2024. 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 Kudi Street (Rs.No.274/2,274/3) has changed

The guideline value for Chikkinapuram Kudi Street has seen significant changes over the years. In the 2012 revision, the value was Rs 50 per sq.ft, which then increased to Rs 33 per sq.ft in the 2017 revision. This marked a decrease of 34%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, reflecting a substantial increase of 506%. The 2023 revision maintained the same value of Rs 200 per sq.ft, which continues into the 2024 revision.

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%, reaching the current rate of Rs 200 per sq.ft.

Guideline values in Selampalayam

In Selampalayam, there are 26 streets under the Dharapuram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Chikkinapuram Kudi Street.

• Chikkinapuram Boyar Street (Rs.No.274/1): Rs 200 per sq.ft (2024)
• Chikkinapuram South Street (Rs.No.274/1): Rs 200 per sq.ft (2024)
• Chikkinapuram Arijana Street (Rs.No.272/1): Rs 200 per sq.ft (2024)
• Chikkinapuram Thaneer Panthal (Rs.No.231/2): Rs 200 per sq.ft (2024)
• Kallivalasu Arijana Street (Rs.No.577/1): Rs 200 per sq.ft (2024)
• Kallivalasu East Soundamman Kovil Street (Rs.No.578/3,577/3): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chikkinapuram Kudi Street (Rs.No.274/2,274/3)

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chikkinapuram Kudi Street (Rs.No.274/2,274/3)?

The Sub Registrar Office that covers Chikkinapuram Kudi Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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 the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to determine the applicable duties and fees. This means that understanding the guideline value is essential for both parties to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Chikkinapuram Kudi Street?

The current guideline value of Chikkinapuram Kudi Street (Rs.No.274/2,274/3) 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 from Rs 50 per sq.ft in 2012 to Rs 33 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the guideline value has increased by 300%.

What is the land classification for Chikkinapuram Kudi Street?

Chikkinapuram Kudi Street is classified as Residential Class III Type - V. This classification affects the guideline value and the types of properties that can be developed in the area.

Where can I find the registration office for Chikkinapuram Kudi Street?

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

How is the 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, if the guideline value is Rs 2,00,000, the stamp duty at 7% would be Rs 14,000, plus a registration fee at 2% would be Rs 4,000.