Guideline Value for CHINNAPPA LAYOUT

Chinnappa Layout guideline value

The current guideline value of Chinnappa Layout is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Ward - F village under the Tiruppur Joint II SRO, and the land classification is Mixed Type - I.

How the guideline value of Chinnappa Layout has changed

Over the years, the guideline value of Chinnappa Layout has seen several revisions. The earliest recorded figure was Rs 155 per sq.ft in 2007. This increased significantly to Rs 650 per sq.ft in 2012, followed by a decrease to Rs 435 per sq.ft in 2017. The value then rose sharply to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 saw it increase to Rs 708 per sq.ft. The register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the guideline value increased by 319% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a remarkable increase of 61% from 2017 to 2023. The change from 2023 to 2024 is a modest increase of 1%. Overall, from 2007 to 2024, the guideline value has increased by 357%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft. The median value for these streets is Rs 706 per sq.ft, placing Chinnappa Layout's 2024 figure above this median.

• Chithi Boomi: Rs 2,200 per sq.ft (2024)
• Chenniyappa Nagar: Rs 708 per sq.ft (2024)
• Chairman Kandasamy Nagar: Rs 880 per sq.ft (2024)
• Devaraj Nagar: Rs 704 per sq.ft (2024)
• Devendra Street: Rs 707 per sq.ft (2024)
• Gayathri Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total charges to Rs 63,720. 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 Chinnappa Layout?

The Chinnappa Layout is covered by the Tiruppur Joint II Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ward - F. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value is used to determine the minimum value on which stamp duty is calculated. This ensures that all transactions are recorded at a value that reflects the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chinnappa Layout?

The current guideline value of Chinnappa Layout is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 155 per sq.ft to Rs 708 per sq.ft in 2024, marking an overall increase of 357%.

What is the stamp duty rate for property in Chinnappa Layout?

The stamp duty rate for property transactions in Chinnappa Layout is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinnappa Layout?

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

What are the other streets in Ward - F with their guideline values?

Other streets in Ward - F include Chenniyappa Nagar at Rs 708 per sq.ft, Chairman Kandasamy Nagar at Rs 880 per sq.ft, and Chithi Boomi at Rs 2,200 per sq.ft, among others.