Guideline Value for CHINTHAMANI NAGAR

Chinthamani Nagar guideline value

The current guideline value of Chinthamani Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Andipalayam village under the Tiruppur Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Chinthamani Nagar has changed

The guideline value for Chinthamani Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 275 per sq.ft, which increased to Rs 184 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, marking an increase of 280%. The 2023 to 2024 revision maintained the value at Rs 700 per sq.ft, showing no change.

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

Guideline values in Andipalayam

In Andipalayam village, there are 66 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft, with a median of Rs 701 per sq.ft. Chinthamani Nagar's 2024 guideline value is below this median.

• Chinniya Goundenpudur: Rs 700 per sq.ft (2024)
• Classic Avenue: Rs 700 per sq.ft (2024)
• Chinnandipalayam: 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 Chinthamani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinthamani Nagar?

The Sub Registrar Office that covers Chinthamani Nagar 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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Andipalayam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinthamani Nagar?

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

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 275 per sq.ft to Rs 700 per sq.ft in 2024, marking an overall increase of 155%.

What are the other streets in Andipalayam with similar guideline values?

Other streets in Andipalayam with a guideline value of Rs 700 per sq.ft include Chinniya Goundenpudur, Classic Avenue, Chinnandipalayam, and Cheran Avenue. C.P.Avenue and C.P.Avenue Extn have a slightly higher value of Rs 704 per sq.ft.

What is the stamp duty rate for properties in Chinthamani Nagar?

The stamp duty rate for properties in Chinthamani Nagar is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Chinthamani Nagar?

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