Guideline Value for CHINNSAMYGOUNDERLAY OUT

Chinnsamygounderlay Out guideline value

The current guideline value of Chinnsamygounderlay Out is Rs 708 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Nallur_Tiruppur SRO, classified as Residential Class IV Type - II.

How the guideline value of Chinnsamygounderlay Out has changed

The guideline value for Chinnsamygounderlay Out has seen significant changes over the years. The 2012 revision set the value at Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, marking a substantial increase of 479%. The most recent revision in 2024 raised the value to Rs 708 per sq.ft, reflecting a growth of 1% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 293%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value is Rs 709 per sq.ft, placing Chinnsamygounderlay Out's 2024 figure below that median.

• Chinnapalanisamy Gounder Nagar: Rs 718 per sq.ft (2024)
• Classic Garden: Rs 1,031 per sq.ft (2024)
• Cmc Green Avenue: Rs 708 per sq.ft (2024)
• College Pudur: Rs 1,031 per sq.ft (2024)
• Chenniappa Layout: Rs 722 per sq.ft (2024)
• Dhanalakshmi Nagar (358): Rs 1,031 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnsamygounderlay Out

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total fees to Rs 63,720. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnsamygounderlay Out?

The Sub Registrar Office that covers Chinnsamygounderlay Out is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions, as it determines the amount of stamp duty and registration fees payable. When buying or selling a property, the guideline value serves as a benchmark for the transaction value, ensuring that the fees are calculated accurately based on the prevailing rates.

Additionally, the guideline value helps maintain transparency in property transactions, preventing underreporting of property values. This ensures that the government receives the correct revenue from stamp duties and registration fees, which are essential for funding public services.

Frequently asked questions

What is the current guideline value of Chinnsamygounderlay Out?

The current guideline value of Chinnsamygounderlay Out is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 180 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, marking an overall increase of 293%.

What is the stamp duty rate for properties in Chinnsamygounderlay Out?

The stamp duty rate for properties in Chinnsamygounderlay Out is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Nallur_Tiruppur Sub Registrar Office?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

What are the other streets in Veerapandi with their guideline values?

Other streets in Veerapandi include Chinnapalanisamy Gounder Nagar at Rs 718 per sq.ft, Classic Garden at Rs 1,031 per sq.ft, and several others, with values ranging up to Rs 2,750 per sq.ft in 2024.