Guideline Value for CHINNIYA GOUNDER STREET
₹720/sq.ft.
The guideline value for Chinniya Gounder Street in Naranapuram village (Palladam SRO, Coimbatore zone) is Rs 720 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Coimbatore
Zone
Naranapuram
Village
Palladam
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹720 /sq.ft. |
| From 1-4-2023 | ₹650 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹435 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹650 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]
DIG (Deputy Inspector General)
6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Chinniya Gounder Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Palladam sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Chinniya Gounder Street guideline value
The current guideline value of Chinniya Gounder Street is Rs 720 per sq.ft, effective from 1 July 2024. This street is located in Naranapuram village, under the Palladam Sub Registrar Office (SRO), and is classified as Residential Class I Type - III.
How the guideline value of Chinniya Gounder Street has changed
The guideline value for Chinniya Gounder Street has undergone several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which was then reduced to Rs 435 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 650 per sq.ft, and the most recent 2024 revision has raised it to Rs 720 per sq.ft, marking an increase of 11% from the previous year.
Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes between the revisions are as follows: from 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007.
Guideline values in Naranapuram
Naranapuram has a total of 64 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 301 to Rs 1,060 per sq.ft. The median guideline value for these streets is Rs 445 per sq.ft, placing Chinniya Gounder Street's 2024 figure above that median.
- Chinnamuppan Street: Rs 445 per sq.ft (2024)
- Dharapuram Road: Rs 445 per sq.ft (2024)
- Boyar Street: Rs 445 per sq.ft (2024)
- Ganapathi Nagar: Rs 775 per sq.ft (2024)
- Gandhi Road: Rs 1,050 per sq.ft (2024)
- Barpar Street: Rs 445 per sq.ft (2024)
Stamp duty and registration fee for property in Chinniya Gounder Street
For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value would be Rs 7,20,000. The stamp duty at 7% would amount to Rs 50,400, and the registration fee at 2% would be Rs 14,400, totaling Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Chinniya Gounder Street?
The Sub Registrar Office that covers Chinniya Gounder Street is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Naranapuram
The guideline value is a critical factor during the registration of property transactions in Naranapuram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.
When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is in compliance with local regulations. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.
Frequently asked questions
What is the current guideline value of Chinniya Gounder Street?
The current guideline value of Chinniya Gounder Street is Rs 720 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.
What is the median guideline value for streets in Naranapuram?
The median guideline value for streets in Naranapuram is Rs 445 per sq.ft, with Chinniya Gounder Street's 2024 figure being above this median.
What are the stamp duty rates for property transactions?
The stamp duty rate for property transactions in the area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for Chinniya Gounder Street?
The Sub Registrar Office for Chinniya Gounder Street is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.
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