Guideline Value for CHINNAYAN CHETTIAR STREET

Chinnayan Chettiar Street guideline value

The current guideline value of Chinnayan Chettiar Street is Rs 280 per sq.ft. This street is located in Chettipalayam village and falls under the Kinathukkadavu SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chinnayan Chettiar Street has changed

The guideline value for Chinnayan Chettiar Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 250 per sq.ft. This value decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 250 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 280 per sq.ft, marking a 12% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Chettipalayam

In Chettipalayam village, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value for these streets is Rs 280 per sq.ft, which is equal to the current guideline value of Chinnayan Chettiar Street.

• Coimbatore Telephone Employees Nagar: Rs 280 per sq.ft (2024)
• Chairman Kali Gounder Street: Rs 280 per sq.ft (2024)
• Devaraj Chettiar Street: Rs 280 per sq.ft (2024)
• Bright Garden: Rs 280 per sq.ft (2024)
• Easwaran Koil Street: Rs 280 per sq.ft (2024)
• Elappathi Mandapam Street: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnayan Chettiar Street

For a 1,000 sq.ft plot at the current rate of Rs 280 per sq.ft, the guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, making the total cost for these fees Rs 25,200. 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 Chinnayan Chettiar Street?

The Sub Registrar Office that covers Chinnayan Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, 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 an essential factor in property transactions in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnayan Chettiar Street?

The current guideline value of Chinnayan Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Chinnayan Chettiar Street?

The land classification for Chinnayan Chettiar Street is Residential Class I Type - I.

Where can I find the registration office for Chinnayan Chettiar Street?

The registration office for Chinnayan Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is stamp duty calculated for properties in Chinnayan Chettiar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,80,000, the stamp duty would be Rs 19,600 at 7%.