Guideline Value for CHINNAPALANISAMY GOUNDER NAGAR

Chinnapalanisamy Gounder Nagar guideline value

The current guideline value for Chinnapalanisamy Gounder Nagar is Rs 718 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Nallur_Tiruppur SRO and is classified as Residential Class I Type - II.

How the guideline value of Chinnapalanisamy Gounder Nagar has changed

The guideline value for Chinnapalanisamy Gounder Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 160 per sq.ft. This increased to Rs 385 per sq.ft in 2012, but then dropped to Rs 258 per sq.ft in 2017. The value saw a significant rise to Rs 700 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 718 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 171%, followed by a 3% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 349%. The fluctuations in the values demonstrate the evolving nature of property classifications in the area.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft, with a median value of Rs 709 per sq.ft. Chinnapalanisamy Gounder Nagar's 2024 guideline value is above this median.

• Chinnsamygounderlay Out: Rs 708 per sq.ft (2024)
• Chenniappa Layout: Rs 722 per sq.ft (2024)
• Classic Garden: Rs 1,031 per sq.ft (2024)
• Cmc Green Avenue: Rs 708 per sq.ft (2024)
• College Pudur: Rs 1,031 per sq.ft (2024)
• Dhanalakshmi Nagar (358): Rs 1,031 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnapalanisamy Gounder Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 718 per sq.ft, the total guideline value amounts to Rs 7,18,000. The stamp duty at 7% would be Rs 50,260, and the registration fee at 2% would be Rs 14,360, making the total fees together Rs 64,620. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnapalanisamy Gounder Nagar?

The Sub Registrar Office that covers Chinnapalanisamy Gounder Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Veerapandi. It serves as a benchmark for calculating the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value as it can influence the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Chinnapalanisamy Gounder Nagar?

The current guideline value for Chinnapalanisamy Gounder Nagar is Rs 718 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 718 per sq.ft in 2024, reflecting an overall increase of 349% over the years.

What is the stamp duty rate for properties in Chinnapalanisamy Gounder Nagar?

The stamp duty rate for properties in Chinnapalanisamy Gounder Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnapalanisamy Gounder Nagar?

The Sub Registrar Office for Chinnapalanisamy Gounder Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore.

What are the guideline values for other streets in Veerapandi?

Other streets in Veerapandi have varying guideline values, with rates ranging from Rs 700 to Rs 2,750 per sq.ft. For instance, Chinnsamygounderlay Out has a guideline value of Rs 708 per sq.ft, while Classic Garden is valued at Rs 1,031 per sq.ft.