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 Vadugapalayam village and falls under the Palladam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Chinnaiya Garden has changed

The guideline value for Chinnaiya Garden has seen significant changes over the years. In the 2012 revision, the value was Rs 450 per sq.ft. This increased to Rs 503 per sq.ft in 2017, marking a change of 12%. The value then rose to Rs 751 per sq.ft in the 2023 revision, reflecting a substantial increase of 49%. The latest revision in 2024 has set the guideline value at Rs 840 per sq.ft, which is an increase of 12% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 87%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vadugapalayam

In Vadugapalayam, there are 27 streets under the Palladam SRO that carry a 2024 guideline value ranging from Rs 301 to Rs 840 per sq.ft, with a median value of Rs 500 per sq.ft. Chinnaiya Garden's 2024 figure of Rs 840 per sq.ft is above this median.

• Chinniyagounder Street: Rs 500 per sq.ft (2024)
• Chithambalam Road-1: Rs 380 per sq.ft (2024)
• Chithambalam Road-2: Rs 380 per sq.ft (2024)
• Ganapathi Nagar: Rs 380 per sq.ft (2024)
• Bharathiyar Street: Rs 500 per sq.ft (2024)
• Bajanai Kovil Street: Rs 380 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 amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, while the registration fee at 2% would be Rs 16,800, resulting in a total of Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or 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 for more details.

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

The guideline value is a crucial factor in property transactions in Vadugapalayam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue from property transfers.

During the registration process, the guideline value helps establish a baseline for property valuation. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

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 450 per sq.ft in 2012 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 87% over the years.

What is the land classification for Chinnaiya Garden?

The land classification for Chinnaiya Garden is Residential Special Type - I.

Where is the Palladam Sub Registrar Office located?

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

How is stamp duty calculated for properties in Chinnaiya Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 58,800.