Guideline Value for CHINNAKALIPALAYAM

Chinnakalipalayam guideline value

The current guideline value of Chinnakalipalayam is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Iduvai village, under the Tiruppur Joint I SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinnakalipalayam has changed

The guideline value for Chinnakalipalayam has undergone several revisions over the years. The 2012 revision set the value at Rs 75 per sq.ft, which then changed to Rs 67 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the most recent 2024 revision raised it further to Rs 110 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 11%. However, from 2017 to 2023, it increased by 49%. The jump from 2023 to 2024 reflects a 10% increase, leading to an overall increase of 47% from 2012 to 2024.

Guideline values in Iduvai

Iduvai village has 47 streets under the Tiruppur Joint I SRO, with 2024 guideline values ranging from Rs 110 to Rs 500 per sq.ft. The guideline value for Chinnakalipalayam matches the median value of Rs 110 per sq.ft.

• Chinnamman Nagar: Rs 110 per sq.ft (2024)
• Bharathipuram: Rs 110 per sq.ft (2024)
• G.N.Garden: Rs 280 per sq.ft (2024)
• Green Garden - Nanthavanam: Rs 500 per sq.ft (2024)
• Harijan Natham: Rs 110 per sq.ft (2024)
• Idumban Nagar: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakalipalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, making the total fees Rs 9,900. 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 Chinnakalipalayam?

The Sub Registrar Office that covers Chinnakalipalayam 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 Iduvai

The guideline value is crucial when buying or selling property in Iduvai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chinnakalipalayam?

The current guideline value of Chinnakalipalayam is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What are the other streets in Iduvai with similar guideline values?

Other streets in Iduvai with a guideline value of Rs 110 per sq.ft include Chinnamman Nagar, Bharathipuram, Harijan Natham, and Idumban Nagar.

What is the stamp duty for property in Chinnakalipalayam?

The stamp duty for property in Chinnakalipalayam is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 1,10,000, the stamp duty would be Rs 7,700.

Where can I find the Sub Registrar Office for Chinnakalipalayam?

The Sub Registrar Office for Chinnakalipalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.