Guideline Value for CHINNAPPA LAYOUT

Chinnappa Layout guideline value

The current guideline value of Chinnappa Layout is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Ward - E village under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chinnappa Layout has changed

The guideline value for Chinnappa Layout has undergone several revisions over the years. In 2007, the value was Rs 440 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it saw a significant drop to Rs 502 per sq.ft in 2017. The value then rose sharply to Rs 750 per sq.ft in 2023, before reaching the current rate of Rs 840 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 12% from 2023 to 2024. Overall, from 2007 to 2024, the value has increased by 91%. The fluctuations in the guideline value reflect changes in the local real estate market conditions.

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 value for these streets is Rs 840 per sq.ft, which is the same as the current guideline value for Chinnappa Layout.

• Chinnappa L/O-Moorthi Nagar Extension: 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 Layout

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the 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, totaling Rs 75,600. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chinnappa Layout?

The Chinnappa Layout 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 assistance.

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

The guideline value is a critical factor in property transactions in Ward - E. It is used to determine the stamp duty and registration fees applicable when buying or selling property in this area.

When a property is registered, the guideline value serves as a benchmark for calculating the necessary fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Chinnappa Layout?

The current guideline value of Chinnappa Layout is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, reflecting an overall increase of 91% over this period.

What is the land classification for Chinnappa Layout?

Chinnappa Layout is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Chinnappa Layout?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which office handles registrations for Chinnappa Layout?

The Tiruppur Joint I Sub Registrar Office handles registrations for Chinnappa Layout, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.