Guideline Value for CHINNAPPA L/O-MOORTHI NAGAR EXTENSION

Chinnappa L/O-Moorthi Nagar Extension guideline value

The current guideline value of Chinnappa L/O-Moorthi Nagar Extension is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chinnappa L/O-Moorthi Nagar Extension has changed

The guideline value for Chinnappa L/O-Moorthi Nagar Extension has undergone several revisions over the years. The 2007 revision set the value at Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, there was a decrease to Rs 502 per sq.ft in 2017. The 2023 revision saw a significant rise to Rs 750 per sq.ft, followed by the current value of Rs 840 per sq.ft from the 2024 revision, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 91%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median guideline value in this ward is Rs 840 per sq.ft, which is equal to the current value for Chinnappa L/O-Moorthi Nagar Extension.

• Chinnappa Layout: Rs 840 per sq.ft (2024)
• Chandrakavi Thottam: Rs 1,455 per sq.ft (2024)
• E.R.P.Nagar 1st Street: Rs 840 per sq.ft (2024)
• E.R.P.Nagar 2nd Street: Rs 840 per sq.ft (2024)
• E.R.P.Nagar Cross Street (Kittu Naicker Thottam): Rs 840 per sq.ft (2024)
• E.R.P.Nagar East 1 - 12 Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa L/O-Moorthi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnappa L/O-Moorthi Nagar Extension?

The Chinnappa L/O-Moorthi Nagar Extension is covered by the Tiruppur Joint I Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ward - E. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Chinnappa L/O-Moorthi Nagar Extension?

The current guideline value of Chinnappa L/O-Moorthi Nagar Extension is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, which is a total increase of 91% over the years.

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in Chinnappa L/O-Moorthi Nagar Extension is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Chinnappa L/O-Moorthi Nagar Extension is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for Chinnappa L/O-Moorthi Nagar Extension?

Chinnappa L/O-Moorthi Nagar Extension is classified as Residential Class IV Type - I according to the guideline value register.