Guideline Value for CHINNAKKAMPALAYAM ARIJANA STREET (RS.NO.85/2)

Chinnakkampalayam Arijana Street (Rs.No.85/2) guideline value

The current guideline value for Chinnakkampalayam Arijana Street (Rs.No.85/2) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Chinnakkampalayam village under the Dharapuram SRO, classified as Residential Class III Type - V.

How the guideline value of Chinnakkampalayam Arijana Street (Rs.No.85/2) has changed

The guideline value for Chinnakkampalayam Arijana Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 110 per sq.ft. This increased to Rs 74 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, reflecting an increase of 170%. The 2023 revision maintained the value at Rs 200 per sq.ft, which continues into the 2024 revision.

The register shows no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 82%.

Guideline values in Chinnakkampalayam

In Chinnakkampalayam, there are 11 streets under the Dharapuram SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also at Rs 200 per sq.ft. Chinnakkampalayam Arijana Street's 2024 figure aligns with this median.

• Chinnakkampalayam North Street (Rs.No.85/2): Rs 200 per sq.ft (2024)
• Chinnakkampalayam South Street (Rs.No.85/2): Rs 200 per sq.ft (2024)
• Ranjithapuram North Street (Rs.No.625/4,636/1,2): Rs 200 per sq.ft (2024)
• Seelanaickenpatti Aasirpuram (Rs.No.57/1): Rs 200 per sq.ft (2024)
• Seelanaickenpatti East Kudi Street (Rs.No.59): Rs 200 per sq.ft (2024)
• Seelanaickenpatti Kudi Street (Rs.No.59): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakkampalayam Arijana Street (Rs.No.85/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Chinnakkampalayam Arijana Street (Rs.No.85/2)?

The Sub Registrar Office that covers Chinnakkampalayam Arijana Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Chinnakkampalayam. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Chinnakkampalayam Arijana Street?

The current guideline value for Chinnakkampalayam Arijana Street (Rs.No.85/2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 74 per sq.ft in 2017 and a rise of 170% to Rs 200 per sq.ft by 2023.

What is the land classification for this street?

Chinnakkampalayam Arijana Street (Rs.No.85/2) is classified as Residential Class III Type - V.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office that covers Chinnakkampalayam Arijana Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the stamp duty calculated for properties in Chinnakkampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.