Guideline Value for CHINNAPPA NAGAR

Chinnappa Nagar guideline value

The current guideline value of Chinnappa Nagar, located in Neruperichal village under the Tiruppur Joint I SRO, is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Chinnappa Nagar has changed

The guideline value for Chinnappa Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 201 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 705 per sq.ft, reflecting an increase of 251%. The 2023 revision maintained this value, and the 2024 revision also set it at Rs 705 per sq.ft, indicating no change from the previous year.

Notably, the guideline value for Chinnappa Nagar has increased by 135% overall from the 2012 revision to the 2024 revision. The years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,008 per sq.ft. The median guideline value for the village is Rs 705 per sq.ft, which is equal to the current figure for Chinnappa Nagar.

• City Garden Ext: Rs 708 per sq.ft (2024)
• Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar: Rs 705 per sq.ft (2024)
• Bommanaickenpalayam Son Garden: Rs 705 per sq.ft (2024)
• Bomma Naicken Palayam Nattham: Rs 705 per sq.ft (2024)
• Bommanaickenpalayam Balan Nagar: Rs 705 per sq.ft (2024)
• Ganesh Nagar: Rs 705 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 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty, charged at 7%, would be Rs 49,350, while the registration fee at 2% would be Rs 14,100. Together, the total cost for these fees would be Rs 63,450. 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 Nagar?

The Chinnappa Nagar area falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Neruperichal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property in the area, both parties should be aware of the current guideline value to avoid any discrepancies during the registration process. This value is essential for calculating the applicable fees and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chinnappa Nagar?

The current guideline value of Chinnappa Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 300 per sq.ft to Rs 705 per sq.ft in 2024, marking a significant overall increase of 135%.

What are the other streets in Neruperichal with similar guideline values?

Other streets in Neruperichal with guideline values of Rs 705 per sq.ft include Bommanaiyakkanpalayam East Sri Guruvayurappan Nagar, Bommanaickenpalayam Son Garden, Bomma Naicken Palayam Nattham, Bommanaickenpalayam Balan Nagar, and Ganesh Nagar.

What fees are associated with buying property in Chinnappa Nagar?

When buying property in Chinnappa Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 7,05,000, the total fees would amount to Rs 63,450.

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

The Sub Registrar Office covering Chinnappa Nagar is the Tiruppur Joint I SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.