Guideline Value for CHINNAIYA GARDEN

Chinnaiya Garden guideline value

The current guideline value of Chinnaiya Garden is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Palladam village, under the Palladam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinnaiya Garden has changed

The guideline value for Chinnaiya Garden has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 502 per sq.ft. This value increased to Rs 750 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 840 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 67%.

Guideline values in Palladam

In Palladam, there are 56 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,450 per sq.ft. The median value is Rs 840 per sq.ft, which is equal to the guideline value of Chinnaiya Garden.

• Chinniya Gounder Street: Rs 840 per sq.ft (2024)
• Chithambaranar Street: Rs 720 per sq.ft (2024)
• Chittipalayam Road: Rs 1,230 per sq.ft (2024)
• Centhottam: Rs 720 per sq.ft (2024)
• Boyar Street: Rs 720 per sq.ft (2024)
• C.R.Pillai Layout: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnaiya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be 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, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnaiya Garden?

The Sub Registrar Office that covers Chinnaiya Garden is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO here.

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

The guideline value is a crucial factor when buying or selling property in Palladam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. This ensures that both buyers and sellers are aware of the minimum value at which the property is assessed for tax purposes.

When registering a property, the guideline value is used to calculate the applicable charges. It is essential for buyers to be informed about the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Chinnaiya Garden?

The current guideline value of Chinnaiya Garden 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 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This represents an overall increase of 67% from 2017 to 2024.

What are the stamp duty and registration fees for property in Chinnaiya Garden?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Chinnaiya Garden?

The Palladam Sub Registrar Office covers Chinnaiya Garden and is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

What is the land classification of Chinnaiya Garden?

Chinnaiya Garden is classified as Residential Class I Type - I, indicating its suitability for residential purposes.