Guideline Value for CHINTHU NAGAR

Chinthu Nagar guideline value

The current guideline value of Chinthu Nagar, located in Chettipalayam village under the Tiruppur Joint I SRO, is Rs 703 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Chinthu Nagar has changed

The guideline value for Chinthu Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 350 per sq.ft. This increased to Rs 234 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged by 200% to reach Rs 703 per sq.ft. The 2023 to 2024 revision showed no change, maintaining the value at Rs 703 per sq.ft.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Chettipalayam

In Chettipalayam village, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft, with the median being Rs 703 per sq.ft. Chinthu Nagar's current guideline value is equal to this median.

• Chinnasamy Colony: Rs 700 per sq.ft (2024)
• Chettipalayam: Rs 703 per sq.ft (2024)
• Chandra Colony: Rs 705 per sq.ft (2024)
• Bishmi Nagar: Rs 703 per sq.ft (2024)
• Birla Nagar: Rs 703 per sq.ft (2024)
• Gowtam Grande: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, bringing the total to Rs 63,270. 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 Chinthu Nagar?

The Sub Registrar Office that covers Chinthu Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Chettipalayam

The guideline value plays a crucial role during the registration of property transactions in Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Chinthu Nagar?

The current guideline value of Chinthu Nagar is Rs 703 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, with notable changes in 2017 and 2023. There are no recorded figures for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in Chinthu Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,03,000. The stamp duty is Rs 49,210 and the registration fee is Rs 14,060, totaling Rs 63,270.

Which office handles property registrations in Chinthu Nagar?

The Tiruppur Joint I Sub Registrar Office handles property registrations in Chinthu Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It serves as a benchmark for property transactions to ensure appropriate taxes are collected.