Guideline Value for CHINNAMPALAYAM ROAD SRI GARDEN

Chinnampalayam Road Sri Garden guideline value

The current guideline value of Chinnampalayam Road Sri Garden is Rs 541 per sq.ft, effective from 1 July 2024. This property is located in Ward 1 village under the Pollachi SRO, classified as Residential Class II Type - I.

How the guideline value of Chinnampalayam Road Sri Garden has changed

Over the years, the guideline value for Chinnampalayam Road Sri Garden has seen several revisions. The 2007 revision set the value at Rs 375 per sq.ft, which increased to Rs 540 per sq.ft in 2012. However, there was a significant drop to Rs 362 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose sharply to Rs 541 per sq.ft, with no change noted from 2023 to 2024.

In summary, the guideline value has increased by 44% from 2007 to 2024. Notably, the revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median of Rs 541 per sq.ft. Chinnampalayam Road Sri Garden's guideline value is equal to this median.

• Chinnampalayam Road: Rs 541 per sq.ft (2024)
• C.M.V.Layout: Rs 301 per sq.ft (2024)
• C.P.Ramakrishnasamy Layout: Rs 541 per sq.ft (2024)
• C.P.S.Gardens: Rs 541 per sq.ft (2024)
• Bowdhigam Chandrasekar Nagar: Rs 675 per sq.ft (2024)
• Devi Garden: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnampalayam Road Sri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 5,41,000, the stamp duty at 7% would amount to Rs 37,870, while the registration fee at 2% would be Rs 10,820. Together, the total cost for these fees would be Rs 48,690. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnampalayam Road Sri Garden?

The Chinnampalayam Road Sri Garden falls under the jurisdiction of the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 1

The guideline value is a crucial factor in the registration process of property transactions in Ward 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential to consider this value when planning any property transaction in the area.

Frequently asked questions

What is the current guideline value for Chinnampalayam Road Sri Garden?

The current guideline value for Chinnampalayam Road Sri Garden is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2007 to Rs 541 per sq.ft in 2024, marking an overall increase of 44% over this period.

What is the stamp duty rate for properties in Chinnampalayam Road Sri Garden?

The stamp duty rate for properties in Chinnampalayam Road Sri Garden is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnampalayam Road Sri Garden?

The Sub Registrar Office for Chinnampalayam Road Sri Garden is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

What is the land classification for Chinnampalayam Road Sri Garden?

The land classification for Chinnampalayam Road Sri Garden is Residential Class II Type - I.