Guideline Value for CHINNIYA GOUNDER STREET

Chinniya Gounder Street guideline value

The current guideline value of Chinniya Gounder Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Palladam village, under the Palladam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinniya Gounder Street has changed

Since the 2002 revision, the guideline value for Chinniya Gounder Street has seen significant changes. In 2002, the value was Rs 242 per sq.ft, which increased to Rs 750 per sq.ft in 2012, marking a 210% rise. However, it then decreased to Rs 502 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 750 per sq.ft in 2023, and finally reached Rs 840 per sq.ft in 2024, reflecting a 12% increase from the previous year. The register has no figures for the years 2003 and 2007.

Overall, from 2002 to 2024, the guideline value has increased by 247%. The changes between the revisions highlight the fluctuations in property valuation over the years, with the most notable increase occurring from 2017 to 2023, where the value rose by 49%.

Guideline values in Palladam

In Palladam village, there are 56 streets under the Palladam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,450 per sq.ft. The median value across these streets is Rs 840 per sq.ft, which aligns with the guideline value of Chinniya Gounder Street.

• Chithambaranar Street: Rs 720 per sq.ft (2024)
• Chittipalayam Road: Rs 1,230 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• C.R.Pillai Layout: Rs 840 per sq.ft (2024)
• Centhottam: Rs 720 per sq.ft (2024)
• Boyar Street: Rs 720 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 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total fees to Rs 75,600. 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 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 Palladam

The guideline value is a crucial factor in property transactions in Palladam. It serves as a benchmark for assessing the value of properties during registration, ensuring that the property is valued fairly according to the current market conditions as set by the Registration Department.

When buying or selling a property, the guideline value helps determine the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chinniya Gounder Street?

The current guideline value of Chinniya Gounder Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 242 per sq.ft in 2002 to Rs 840 per sq.ft in 2024, showing an overall increase of 247% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800, and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which Sub Registrar Office covers this street?

The Palladam Sub Registrar Office covers Chinniya Gounder Street, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

What is the land classification for Chinniya Gounder Street?

Chinniya Gounder Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.