Guideline Value for CHINNAMUPPAN STREET

Chinnamuppan Street guideline value

The current guideline value of Chinnamuppan Street in Naranapuram village, under the Palladam SRO, is Rs 445 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class III Type - I.

How the guideline value of Chinnamuppan Street has changed

In the 2012 revision, the guideline value was Rs 450 per sq.ft. This figure decreased to Rs 301 per sq.ft in the 2017 revision, marking a reduction of 33%. The value then increased significantly by 50% to Rs 450 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the guideline value has slightly decreased by 1% to Rs 445 per sq.ft.

There are no figures available for Chinnamuppan Street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has decreased by 1%.

Guideline values in Naranapuram

Naranapuram has 64 streets under the Palladam SRO, with guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median guideline value is Rs 445 per sq.ft, which is equal to the current guideline value of Chinnamuppan Street.

• Chinniya Gounder Street: Rs 720 per sq.ft (2024)
• Boyar Street: Rs 445 per sq.ft (2024)
• Dharapuram Road: Rs 445 per sq.ft (2024)
• Ganapathi Nagar: Rs 775 per sq.ft (2024)
• Gandhi Road: Rs 1,050 per sq.ft (2024)
• Barpar Street: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamuppan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 445 per sq.ft, the total guideline value is Rs 4,45,000. The stamp duty at 7% would be Rs 31,150, and the registration fee at 2% would be Rs 8,900, bringing the total cost to Rs 40,050. 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 Chinnamuppan Street?

The Sub Registrar Office that covers Chinnamuppan Street is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process for property transactions in Naranapuram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnamuppan Street?

The current guideline value of Chinnamuppan Street is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease from Rs 450 in 2012 to Rs 301 in 2017, followed by an increase to Rs 450 in 2023, and a slight decrease to Rs 445 in 2024.

What is the land classification of Chinnamuppan Street?

Chinnamuppan Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Naranapuram?

The stamp duty for properties in Naranapuram is generally 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnamuppan Street?

The Sub Registrar Office for Chinnamuppan Street is located at No.16, Mangalam Road, Palladam - 641664, in the Coimbatore registration zone.