Guideline Value for CHINNANDIPALAYAM

Chinnandipalayam guideline value

The current guideline value of Chinnandipalayam is Rs 700 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Chinnandipalayam has changed

The guideline value for Chinnandipalayam has undergone several revisions over the years. In 2012, the guideline value was Rs 275 per sq.ft, which increased to Rs 184 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 700 per sq.ft in both 2023 and 2024, marking a 280% increase from 2017 to 2023. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall increase in guideline value is 155%. The revision figures show that the guideline value remained at Rs 700 per sq.ft from 2023 to 2024, indicating no change during this period.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft, with a median of Rs 701 per sq.ft. The guideline value for Chinnandipalayam is below this median.

• Chinniya Goundenpudur: Rs 700 per sq.ft (2024)
• Chinthamani Nagar: Rs 700 per sq.ft (2024)
• Cheran Avenue: Rs 700 per sq.ft (2024)
• Classic Avenue: Rs 700 per sq.ft (2024)
• C.P.Avenue: Rs 704 per sq.ft (2024)
• C.P.Avenue Extn: Rs 704 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnandipalayam

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Chinnandipalayam?

The Sub Registrar Office covering Chinnandipalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in Chinnandipalayam.

When a property is registered, the guideline value is considered to ensure that the appropriate duties are charged. This process helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chinnandipalayam?

The current guideline value of Chinnandipalayam is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2012 to Rs 700 per sq.ft in 2023 and 2024, with a significant increase of 280% from 2017 to 2023.

What is the classification of land in Chinnandipalayam?

The land in Chinnandipalayam is classified as Residential Class I Type - II.

What is the registration office for Chinnandipalayam?

The registration office for Chinnandipalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.