Guideline Value for CHINNAPPAMPALAYAM MAIN ROAD

Chinnappampalayam Main Road guideline value

The current guideline value of Chinnappampalayam Main Road is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Odaiyakulam village, under the Anaimalai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinnappampalayam Main Road has changed

The guideline value for Chinnappampalayam Main Road has undergone several revisions over the years. Starting from Rs 19 per sq.ft in 2002, it increased to Rs 65 per sq.ft in 2007, marking a significant rise of 242%. In 2012, the value rose to Rs 130 per sq.ft, but saw a decrease of 33% to Rs 87 per sq.ft in 2017. The value then increased to Rs 200 per sq.ft in 2023, maintaining the same rate in the 2024 revision, resulting in a 130% increase from 2017 to 2023.

It is important to note that there is no figure available for the year 2003 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 953%, reflecting the changes in the area.

Guideline values in Odaiyakulam

Odaiyakulam village has a total of 72 streets under the Anaimalai SRO, with the 2024 guideline values ranging from Rs 101 to Rs 448 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Chinnappampalayam Main Road.

• Chellam Nagar: Rs 250 per sq.ft (2024)
• Chella Masaniamman Nagar: Rs 250 per sq.ft (2024)
• Cvr Nagar: Rs 250 per sq.ft (2024)
• Dana Lay Out: Rs 200 per sq.ft (2024)
• Boyar Street: Rs 250 per sq.ft (2024)
• Big Bazzar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappampalayam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Chinnappampalayam Main Road?

The Sub Registrar Office covering Chinnappampalayam Main Road is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Odaiyakulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnappampalayam Main Road?

The current guideline value of Chinnappampalayam Main Road is Rs 200 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 19 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, with an overall increase of 953% over this period.

What is the land classification for Chinnappampalayam Main Road?

Chinnappampalayam Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Where is the Sub Registrar Office for Chinnappampalayam Main Road located?

The Sub Registrar Office for Chinnappampalayam Main Road is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.