Guideline Value for CHINNABOMMANAICKENPALAYAM (NEAR BY NALLARU)

Chinnabommanaickenpalayam (Near By Nallaru) guideline value

The current guideline value for Chinnabommanaickenpalayam (Near By Nallaru) is Rs 703 per sq.ft. This property is located in Thottipalayam village, under the Thottipalayam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chinnabommanaickenpalayam (Near By Nallaru) has changed

The guideline value for Chinnabommanaickenpalayam has undergone several revisions over the years. The oldest available figure is from 2012, where the value was Rs 605 per sq.ft. This increased to Rs 405 per sq.ft in 2017, showing a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 700 per sq.ft, marking a 73% increase. The latest revision, effective from 1 July 2024, has set the guideline value at Rs 703 per sq.ft, reflecting no change from the previous year's figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 16%.

Guideline values in Thottipalayam

In Thottipalayam village, there are 99 streets under the Thottipalayam SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft, with a median value of Rs 806 per sq.ft. Chinnabommanaickenpalayam (Near By Nallaru) is currently below this median.

• Chinnabommanaickenpalayam (Near By Karupparayan Kovil): Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam: Rs 700 per sq.ft (2024)
• Chinnappa Nagar: Rs 700 per sq.ft (2024)
• Chinnappa Nagar Extension: Rs 703 per sq.ft (2024)
• Boyyampalayam (A.D.Colony): Rs 702 per sq.ft (2024)
• Boyyampalayam: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnabommanaickenpalayam (Near By Nallaru)

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, and the registration fee at 2% would be Rs 14,060, making the total cost for these fees Rs 63,270. It is important to note that the 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 Chinnabommanaickenpalayam (Near By Nallaru)?

The Sub Registrar Office that covers Chinnabommanaickenpalayam is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Thottipalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chinnabommanaickenpalayam (Near By Nallaru)?

The current guideline value of Chinnabommanaickenpalayam (Near By Nallaru) 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 605 per sq.ft in 2012 to Rs 703 per sq.ft in 2024. Notably, there was a significant increase of 73% from 2017 to 2023.

What is the land classification of Chinnabommanaickenpalayam (Near By Nallaru)?

Chinnabommanaickenpalayam (Near By Nallaru) is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Chinnabommanaickenpalayam is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Chinnabommanaickenpalayam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 7,03,000 would incur a stamp duty of Rs 49,210 at 7%.