Guideline Value for CHINNAPPA NAGAR EXTENSION

Chinnappa Nagar Extension guideline value

The current guideline value of Chinnappa Nagar Extension, located in Thottipalayam village under the Thottipalayam SRO, is Rs 703 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Chinnappa Nagar Extension has changed

The guideline value for Chinnappa Nagar Extension has undergone several revisions over the years. The 2012 revision set the value at Rs 605 per sq.ft, which then decreased to Rs 405 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and finally to Rs 703 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but saw a substantial increase of 73% from 2017 to 2023. The overall change from 2012 to 2024 reflects a modest increase of 16%.

Guideline values in Thottipalayam

In Thottipalayam village, there are 99 streets under the Thottipalayam SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft, with a median value of Rs 806 per sq.ft. Chinnappa Nagar Extension's current guideline value is below this median.

• Chinnappa Nagar: Rs 700 per sq.ft (2024)
• Chinnabommanaickenpalayam: Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam (Near By Karupparayan Kovil): Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam: Rs 700 per sq.ft (2024)
• C.S.I Colony: Rs 1,110 per sq.ft (2024)
• C.S.I Nagar: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, while the registration fee at 2% would be Rs 14,060, bringing the total cost for these fees to Rs 63,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnappa Nagar Extension?

The Chinnappa Nagar Extension falls under the jurisdiction of the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thottipalayam. It is used to determine the amount of stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for maintaining transparency in the real estate market. It is advisable for buyers and sellers to consult the guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Chinnappa Nagar Extension?

The current guideline value of Chinnappa Nagar Extension is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,03,000, the stamp duty would be Rs 49,210 and the registration fee would be Rs 14,060, totaling Rs 63,270.

Which office handles the registration for Chinnappa Nagar Extension?

The Thottipalayam Sub Registrar Office is responsible for handling registrations for Chinnappa Nagar Extension, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically to reflect changes in property values in the area.