Guideline Value for CHINNABOMMANAICKENPALAYAM

Chinnabommanaickenpalayam guideline value

The current guideline value of Chinnabommanaickenpalayam is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Thottipalayam village under the Thottipalayam SRO, classified as Residential Class V Type - II.

How the guideline value of Chinnabommanaickenpalayam has changed

In the 2012 revision, the guideline value was Rs 225 per sq.ft. This figure decreased to Rs 151 per sq.ft in the 2017 revision. The following revision in 2023 saw a significant increase to Rs 700 per sq.ft, which remained unchanged in the 2024 revision, indicating a +364% change from 2017 to 2023. The overall change from 2012 to 2024 is +211%.

The guideline value for Chinnabommanaickenpalayam remained at Rs 700 per sq.ft from 2023 to 2024, showing no change. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO with 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. The guideline value of Chinnabommanaickenpalayam is below this median.

• Chinnabommanaickenpalayam (Near By Karupparayan Kovil): Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam (Near By Nallaru): Rs 703 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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Chinnabommanaickenpalayam?

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 in property transactions in Thottipalayam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that all properties are registered at a fair value.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that are applicable. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnabommanaickenpalayam?

The current guideline value of Chinnabommanaickenpalayam is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 225 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, which is an overall increase of +211%.

What is the land classification of Chinnabommanaickenpalayam?

Chinnabommanaickenpalayam is classified as Residential Class V Type - II, which is important for determining the applicable guideline value.

Where can I find the Sub Registrar Office for Chinnabommanaickenpalayam?

The Sub Registrar Office for Chinnabommanaickenpalayam is 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, whichever is higher. For example, on a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.