Guideline Value for CHIKKINAPURAM THANEER PANTHAL (RS.NO.231/2)

Chikkinapuram Thaneer Panthal (Rs.No.231/2) guideline value

The current guideline value of Chikkinapuram Thaneer Panthal (Rs.No.231/2) is Rs 200 per sq.ft. This property is located in Selampalayam village, under the Dharapuram SRO, and is classified as Residential Class III Type - V.

How the guideline value of Chikkinapuram Thaneer Panthal (Rs.No.231/2) has changed

The guideline value for Chikkinapuram Thaneer Panthal has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 50 per sq.ft. This increased to Rs 33 per sq.ft in 2017, before rising significantly to Rs 200 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 34%, but from 2017 to 2023, the value increased by 506%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 300%.

Guideline values in Selampalayam

In Selampalayam, there are 26 streets that have a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Chikkinapuram Thaneer Panthal's 2024 figure aligns with this median.

• Chikkinapuram South Street (Rs.No.274/1): Rs 200 per sq.ft (2024)
• Chikkinapuram Kudi Street (Rs.No.274/2,274/3): Rs 200 per sq.ft (2024)
• Chikkinapuram Boyar Street (Rs.No.274/1): Rs 200 per sq.ft (2024)
• Chikkinapuram Arijana Street (Rs.No.272/1): 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 Thaneer Panthal (Rs.No.231/2)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chikkinapuram Thaneer Panthal (Rs.No.231/2)?

The Sub Registrar Office that covers Chikkinapuram Thaneer Panthal 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 an important factor when registering property transactions in Selampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers should be aware that the actual sale price may influence the final costs, as the higher of the guideline value or sale price is used for duty calculations.

Frequently asked questions

What is the current guideline value of Chikkinapuram Thaneer Panthal?

The current guideline value of Chikkinapuram Thaneer Panthal (Rs.No.231/2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 50 per sq.ft to Rs 200 per sq.ft in 2023 and 2024. The most significant change occurred between 2017 and 2023, with an increase of 506%.

Which Sub Registrar Office covers this area?

The Dharapuram Sub Registrar Office covers Chikkinapuram Thaneer Panthal. It is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the stamp duty for property in Chikkinapuram Thaneer Panthal?

The stamp duty for property in Chikkinapuram Thaneer Panthal is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 14,000.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. The higher of the guideline value or the sale price is used for these calculations.