Guideline Value for CHINNAVEERAMPATTI(3-12,16,154)

Chinnaveerampatti(3-12,16,154) guideline value

The current guideline value for Chinnaveerampatti(3-12,16,154) is Rs 475 per sq.ft, effective from 1 July 2024. This property is located in Ward - B village under the Udumalpettai SRO and falls under Residential Class IV Type - II land classification.

How the guideline value of Chinnaveerampatti(3-12,16,154) has changed

The guideline value for Chinnaveerampatti(3-12,16,154) has seen several revisions over the years. In 2003, the value was Rs 86 per sq.ft, which increased significantly to Rs 425 per sq.ft in 2012. However, it decreased by 33% to Rs 285 per sq.ft in 2017. The value then rose sharply to Rs 426 per sq.ft in 2023, and has further increased by 12% to the current rate of Rs 475 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2007 in the register for this street.

Overall, from 2003 to 2024, the guideline value has increased by 452%. The changes in guideline value from one revision to the next are as follows: a 394% increase from 2003 to 2012, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry 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. Chinnaveerampatti(3-12,16,154) is below this median value.

• Chinnaveerampatti(1-22,29,30,56): Rs 380 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(3-12,16,154)

For a 1,000 sq.ft plot at the current guideline value of Rs 475 per sq.ft, the total guideline value would be Rs 4,75,000. The stamp duty at 7% would be Rs 33,250, and the registration fee at 2% would be Rs 9,500, bringing the total cost for these fees to Rs 42,750. 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 Chinnaveerampatti(3-12,16,154)?

The Sub Registrar Office that covers Chinnaveerampatti(3-12,16,154) is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process of property transactions in Ward - B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure that the appropriate fees are calculated based on either the guideline value or the actual sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Chinnaveerampatti(3-12,16,154)?

The current guideline value of Chinnaveerampatti(3-12,16,154) is Rs 475 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 475 per sq.ft in 2024, reflecting an overall increase of 452% over this period.

What are the stamp duty and registration fees for a property in Chinnaveerampatti(3-12,16,154)?

For a property valued at Rs 4,75,000, the stamp duty would be Rs 33,250 and the registration fee would be Rs 9,500, totaling Rs 42,750 in fees.

Which office handles property registrations for Chinnaveerampatti(3-12,16,154)?

The Udumalpettai Sub Registrar Office handles property registrations for Chinnaveerampatti(3-12,16,154), located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

What is the land classification for Chinnaveerampatti(3-12,16,154)?

Chinnaveerampatti(3-12,16,154) falls under Residential Class IV Type - II land classification.