Guideline Value for CHINNAVEERAMPATTI(1-22,29,30,56)

Chinnaveerampatti(1-22,29,30,56) guideline value

The current guideline value for Chinnaveerampatti(1-22,29,30,56) is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Udumalpettai SRO, classified as Residential Class V Type - I.

How the guideline value of Chinnaveerampatti(1-22,29,30,56) has changed

The guideline value for Chinnaveerampatti(1-22,29,30,56) has seen several revisions over the years. In 2003, the value was Rs 86 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012, marking a 307% rise. However, it then decreased to Rs 234 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 350 per sq.ft in 2023, followed by another increase to Rs 380 per sq.ft in 2024, reflecting a 9% rise.

From 2017 to 2023, there was a notable increase of 50%. The overall change from 2003 to 2024 shows an increase of 342%. The register has no figures for the years 2002 and 2007 for this street.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Chinnaveerampatti(1-22,29,30,56) is below this median.

• Chinnaveerampatti(3-12,16,154): Rs 475 per sq.ft (2024)
• Chinnaveerampatti Kudiyiruppu: Rs 380 per sq.ft (2024)
• Chinnasamylayout: Rs 775 per sq.ft (2024)
• Bye Bass Road: Rs 1,450 per sq.ft (2024)
• Dharapuram Road: Rs 1,800 per sq.ft (2024)
• DHARAPURAM ROAD Part1: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnaveerampatti(1-22,29,30,56)

For a 1,000 sq.ft plot at the current rate of Rs 380 per sq.ft, the guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, totaling Rs 34,200. 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 Chinnaveerampatti(1-22,29,30,56)?

The Sub Registrar Office covering Chinnaveerampatti(1-22,29,30,56) is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor during the registration of property transactions in Ward - B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining a fair process during property registration.

Frequently asked questions

What is the current guideline value for Chinnaveerampatti(1-22,29,30,56)?

The current guideline value for Chinnaveerampatti(1-22,29,30,56) is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 86 per sq.ft in 2003 to Rs 380 per sq.ft in 2024, reflecting an overall increase of 342% over the years.

What is the land classification for Chinnaveerampatti(1-22,29,30,56)?

Chinnaveerampatti(1-22,29,30,56) is classified as Residential Class V Type - I.

Which Sub Registrar Office should I visit for property transactions in Chinnaveerampatti(1-22,29,30,56)?

The Udumalpettai Sub Registrar Office covers property transactions in Chinnaveerampatti(1-22,29,30,56).

How are stamp duty and registration fees calculated in Ward - B?

Stamp duty and registration fees in Ward - B are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,80,000, the total fees would amount to Rs 34,200.