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

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

The current guideline value for Chinnakkampalayam South 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, and is classified as Residential Class III Type - V.

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

In the 2012 revision, the guideline value was set at Rs 110 per sq.ft. This figure saw a decrease to Rs 74 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, reflecting a change of 170%. The 2024 revision maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 82%.

Guideline values in Chinnakkampalayam

Chinnakkampalayam village has 11 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Chinnakkampalayam South Street (Rs.No.85/2) aligns with this median value.

• Chinnakkampalayam North Street (Rs.No.85/2): Rs 200 per sq.ft (2024)
• Chinnakkampalayam Arijana 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 South Street (Rs.No.85/2)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, 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 details.

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

The Sub Registrar Office covering Chinnakkampalayam South Street (Rs.No.85/2) 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 a crucial factor during the registration of property transactions in Chinnakkampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Chinnakkampalayam South Street?

The current guideline value of Chinnakkampalayam South 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 74 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the increase is 82%.

Which Sub Registrar Office covers Chinnakkampalayam South Street?

The Dharapuram Sub Registrar Office covers Chinnakkampalayam South Street (Rs.No.85/2), located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the stamp duty for property in Chinnakkampalayam South Street?

The stamp duty for property in Chinnakkampalayam South Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total stamp duty of Rs 14,000.

How many streets in Chinnakkampalayam have the same guideline value?

There are 11 streets in Chinnakkampalayam under the Dharapuram SRO that carry a 2024 guideline value of Rs 200 per sq.ft, which is the same as the guideline value for Chinnakkampalayam South Street (Rs.No.85/2).