Guideline Value for CHINNAPUTHUR

Chinnaputhur guideline value

The current guideline value of Chinnaputhur is Rs 145 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Chinnaputhur has changed

In the 2012 revision, the guideline value was Rs 130 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 87 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 130 per sq.ft, followed by another increase in 2024 to Rs 145 per sq.ft, representing a rise of 12% from the previous year.

From 2012 to 2023, the guideline value increased by 49%, reaching Rs 130 per sq.ft in 2023. Overall, from 2012 to 2024, the guideline value has increased by 12%, now standing at Rs 145 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mangalam

Mangalam village has 89 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 145 to Rs 550 per sq.ft. The median guideline value in this village is Rs 205 per sq.ft, indicating that Chinnaputhur's 2024 figure is below this median.

• Classic Avenue Phase 2: Rs 500 per sq.ft (2024)
• Classic Avenue Phase - I: Rs 305 per sq.ft (2024)
• Deivathai Garden: Rs 260 per sq.ft (2024)
• East Garden: Rs 145 per sq.ft (2024)
• Five Star Nagar: Rs 165 per sq.ft (2024)
• Ganapathi Nagar: Rs 145 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnaputhur

For a 1,000 sq.ft plot at the current rate of Rs 145 per sq.ft, the guideline value amounts to Rs 1,45,000. The stamp duty at 7% would be Rs 10,150, and the registration fee at 2% would be Rs 2,900, totaling Rs 13,050. 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 further calculations.

Which Sub Registrar Office covers Chinnaputhur?

The Sub Registrar Office that covers Chinnaputhur is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO online.

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

The guideline value is a critical factor in the registration process when buying or selling property. It determines the minimum value at which the property must be registered and is used to calculate the stamp duty and registration fees.

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

Frequently asked questions

What is the current guideline value of Chinnaputhur?

The current guideline value of Chinnaputhur is Rs 145 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2012 to Rs 87 per sq.ft in 2017, then back to Rs 130 per sq.ft in 2023, and finally to Rs 145 per sq.ft in 2024.

What is the land classification for Chinnaputhur?

Chinnaputhur is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chinnaputhur?

The Sub Registrar Office for Chinnaputhur is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Chinnaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 1,45,000 would incur a stamp duty of Rs 10,150 at 7%.