Guideline Value for CHINNIYA GOUNDENPUDUR

Chinniya Goundenpudur guideline value

The current guideline value of Chinniya Goundenpudur is Rs 700 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 - II.

How the guideline value of Chinniya Goundenpudur has changed

In the 2012 revision, the guideline value was set at Rs 275 per sq.ft. This figure increased to Rs 184 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting a significant increase of 280%. The guideline value remained unchanged at Rs 700 per sq.ft from 2023 to the current 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 155% from 2012 to 2024.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft. The median value is Rs 701 per sq.ft, placing Chinniya Goundenpudur's 2024 figure below this median.

• Chinthamani Nagar: Rs 700 per sq.ft (2024)
• Chinnandipalayam: Rs 700 per sq.ft (2024)
• Classic Avenue: Rs 700 per sq.ft (2024)
• C.P.Avenue: Rs 704 per sq.ft (2024)
• C.P.Avenue Extn: Rs 704 per sq.ft (2024)
• Cheran Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinniya Goundenpudur

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 information.

Which Sub Registrar Office covers Chinniya Goundenpudur?

The Sub Registrar Office covering Chinniya Goundenpudur is 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 additional assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Andipalayam. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinniya Goundenpudur?

The current guideline value of Chinniya Goundenpudur is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 275 per sq.ft in 2012 to Rs 700 per sq.ft in 2024. Notably, there was a significant increase of 280% from 2017 to 2023.

What is the land classification for Chinniya Goundenpudur?

Chinniya Goundenpudur is classified as Residential Class I Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2%. For example, on a property with a guideline value of Rs 7,00,000, the total fees would amount to Rs 63,000.

Where can I find the Sub Registrar Office for Chinniya Goundenpudur?

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