Guideline Value for CHINNAGOUNDANPALAYAM

Chinnagoundanpalayam guideline value

The current guideline value of Chinnagoundanpalayam is Rs 840 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chinnagoundanpalayam has changed

The guideline value for Chinnagoundanpalayam has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then rose again to Rs 840 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. The 2023 to 2024 revision reflects a 12% increase. Overall, from 2007 to 2024, the guideline value has increased by 39%.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Chinnagoundanpalayam's 2024 guideline value is below this median.

• Chenguttuvan Sandhu: Rs 840 per sq.ft (2024)
• B.S.Sundaram Road (Main Road): Rs 3,360 per sq.ft (2024)
• B.S.S ROAD 1st to 3rd CROSS STREEET: Rs 3,360 per sq.ft (2024)
• B.S.S Road 1st Street: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar Cross Street: Rs 3,360 per sq.ft (2024)
• B.S.S Nagar: Rs 3,360 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnagoundanpalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. 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 Chinnagoundanpalayam?

The Sub Registrar Office that covers Chinnagoundanpalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - J

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - J. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is considered to ensure that the transaction is fairly assessed for tax purposes. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Chinnagoundanpalayam?

The current guideline value of Chinnagoundanpalayam is Rs 840 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 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 39% over this period.

What are the stamp duty rates for property in Chinnagoundanpalayam?

The stamp duty rate for property in Chinnagoundanpalayam is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Chinnagoundanpalayam?

The Tiruppur Joint I Sub Registrar Office handles property registrations for Chinnagoundanpalayam, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the median guideline value in Ward - J?

The median guideline value in Ward - J is Rs 1,120 per sq.ft, while Chinnagoundanpalayam's value is below this median at Rs 840 per sq.ft.