Guideline Value for CHINNAPPA NAGAR

Chinnappa Nagar guideline value

The current guideline value of Chinnappa Nagar, located in Thottipalayam village under the Thottipalayam SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class V Type - II land classification.

How the guideline value of Chinnappa Nagar has changed

The guideline value of Chinnappa Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 225 per sq.ft, which increased to Rs 151 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, marking an increase of 364%. The value remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 211%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam, 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. The guideline value of Chinnappa Nagar is below this median.

• Chinnappa Nagar Extension: Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam: Rs 703 per sq.ft (2024)
• Chinnabommanaickenpalayam: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Nagar?

The Sub Registrar Office that covers Chinnappa Nagar is 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 an essential factor in the registration process when buying or selling property in Thottipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnappa Nagar?

The current guideline value of Chinnappa Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 225 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, an overall increase of 211% over this period.

What is the registration office for Chinnappa Nagar?

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

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

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft incurs a total cost of Rs 63,000 in duties and fees.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the appropriate amount is collected based on the higher of the guideline value or the sale price.