Guideline Value for CHINNASAMY COLONY

Chinnasamy Colony guideline value

The current guideline value of Chinnasamy Colony, located in Chettipalayam village under the Tiruppur Joint I SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Chinnasamy Colony has changed

Over the years, the guideline value of Chinnasamy Colony has undergone several revisions. The 2012 revision set the value at Rs 575 per sq.ft, which then decreased to Rs 385 per sq.ft in 2017. Following this, the value increased to Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating an overall increase of 22% from the 2012 figure.

From 2017 to 2023, there was a significant increase of 82%, while the value remained unchanged from 2023 to 2024. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a guideline value for 2024 ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 703 per sq.ft, placing Chinnasamy Colony's 2024 figure below that median.

• Chinthu Nagar: Rs 703 per sq.ft (2024)
• Chettipalayam: Rs 703 per sq.ft (2024)
• Chandra Colony: Rs 705 per sq.ft (2024)
• Bishmi Nagar: Rs 703 per sq.ft (2024)
• Birla Nagar: Rs 703 per sq.ft (2024)
• Balu Innovesan: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Colony

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, while the registration fee at 2% would be Rs 14,000, bringing the total costs to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Chinnasamy Colony?

Chinnasamy Colony falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the associated costs, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Chinnasamy Colony?

The current guideline value of Chinnasamy Colony 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 from Rs 575 per sq.ft in 2012 to Rs 385 per sq.ft in 2017, then increased to Rs 700 per sq.ft in both 2023 and 2024.

What is the registration office for Chinnasamy Colony?

The registration office for Chinnasamy Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is stamp duty calculated in Chinnasamy Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.

What are the other streets in Chettipalayam with guideline values?

Other streets in Chettipalayam include Chinthu Nagar, Chettipalayam, Chandra Colony, Bishmi Nagar, Birla Nagar, and Balu Innovesan, with values ranging from Rs 703 to Rs 705 per sq.ft in 2024.