Guideline Value for CHINNIYAGOUNDER STREET

Chinniyagounder Street guideline value

The current guideline value of Chinniyagounder Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Vadugapalayam village under the Palladam SRO, classified as Residential Class I Type - III.

How the guideline value of Chinniyagounder Street has changed

The guideline value for Chinniyagounder Street has seen several revisions over the years. In the 2012 revision, the value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in the 2017 revision. This marked a significant drop of 33%. However, the value increased by 50% in the 2023 revision to Rs 450 per sq.ft, and it further increased by 11% to Rs 500 per sq.ft in the 2024 revision.

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 11%.

Guideline values in Vadugapalayam

In Vadugapalayam, there are 27 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 301 to Rs 840 per sq.ft. The median guideline value is Rs 500 per sq.ft, which is equal to the current figure for Chinniyagounder Street.

• Chithambalam Road-1: Rs 380 per sq.ft (2024)
• Chithambalam Road-2: Rs 380 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Ganapathi Nagar: Rs 380 per sq.ft (2024)
• Bharathiyar Street: Rs 500 per sq.ft (2024)
• Bajanai Kovil Street: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Chinniyagounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinniyagounder Street?

The Sub Registrar Office that covers Chinniyagounder 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 details.

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

When buying or selling property in Vadugapalayam, the guideline value plays a crucial role in determining the stamp duty and registration fees. It is essential to refer to the current guideline value to calculate these costs accurately, as they are based on the guideline value or the sale price, whichever is higher.

At the time of registration, the guideline value ensures that the property is assessed fairly, which helps in maintaining transparency in property transactions. Buyers and sellers should be aware of the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinniyagounder Street?

The current guideline value of Chinniyagounder Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the median guideline value in Vadugapalayam?

The median guideline value in Vadugapalayam is Rs 500 per sq.ft, which is the same as the current guideline value for Chinniyagounder Street.

Where is the Palladam Sub Registrar Office located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is stamp duty calculated for properties in Chinniyagounder Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 35,000.