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

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

The current guideline value of Chinnakkampalayam North Street (Rs.No.85/2) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Chinnakkampalayam village and falls under the Dharapuram SRO. The land classification for this area is Residential Class III Type - V.

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

The guideline value for Chinnakkampalayam North Street has seen several revisions over the years. In 2012, the guideline value was Rs 110 per sq.ft, which decreased to Rs 74 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 170%, bringing the value back up to Rs 200 per sq.ft. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 82%.

Guideline values in Chinnakkampalayam

In Chinnakkampalayam village, there are 11 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Chinnakkampalayam North Street's 2024 figure is equal to this median.

• Chinnakkampalayam Arijana 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 North 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 amounts to 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, making the total cost for these fees Rs 18,000. It is essential 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 Chinnakkampalayam North Street (Rs.No.85/2)?

The Sub Registrar Office that covers Chinnakkampalayam North 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Chinnakkampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value for Chinnakkampalayam North Street?

The current guideline value for Chinnakkampalayam North 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?

Over the years, the guideline value has changed from Rs 110 per sq.ft in 2012 to Rs 74 per sq.ft in 2017, and then significantly increased to Rs 200 per sq.ft in 2023 and 2024. The overall increase from 2012 to 2024 is 82%.

Which Sub Registrar Office should I approach for transactions in Chinnakkampalayam North Street?

The Dharapuram Sub Registrar Office is responsible for transactions in Chinnakkampalayam North Street. It is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which for Chinnakkampalayam North Street is Rs 200 per sq.ft. For a 1,000 sq.ft plot, the total guideline value would be Rs 2,00,000, with stamp duty and registration fees adding up to Rs 18,000.

Are there other streets with the same guideline value in Chinnakkampalayam?

Yes, there are several other streets in Chinnakkampalayam that have the same guideline value of Rs 200 per sq.ft for 2024. These include Chinnakkampalayam Arijana Street, Chinnakkampalayam South Street, and others.