Guideline Value for CHITHAANDIPALAYA M

Chithaandipalaya M guideline value

The current guideline value of Chithaandipalaya M is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kunnathur village, under the Kunnathur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chithaandipalaya M has changed

The guideline value for Chithaandipalaya M has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was unchanged in the subsequent 2017 revision where it dropped to Rs 134 per sq.ft. The 2023 revision brought it back to Rs 200 per sq.ft, which remained the same in the 2024 revision.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Kunnathur

In Kunnathur, there are 17 streets under the Kunnathur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 711 per sq.ft, with a median value of Rs 496 per sq.ft. Chithaandipalaya M's 2024 guideline value is below this median.

• Bus Stand To Pumping Station: Rs 496 per sq.ft (2024)
• Bus Stand To Erikarai Starting: Rs 496 per sq.ft (2024)
• Eswaran Kovil Street: Rs 711 per sq.ft (2024)
• Gobi Road: Rs 200 per sq.ft (2024)
• Anbu Nagar: Rs 200 per sq.ft (2024)
• Ananda Puram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chithaandipalaya M

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chithaandipalaya M?

The Sub Registrar Office that covers Chithaandipalaya M is the Kunnathur Sub Registrar Office, located at No.348, Uthukuli Road, Kunnathur - 638103, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kunnathur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the registration fees and stamp duties are calculated based on a standardized value.

When a property is sold, the guideline value is compared with the actual sale price, and the higher of the two is used to calculate the applicable duties. This process helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Chithaandipalaya M?

The current guideline value of Chithaandipalaya M is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant change being a 49% increase from 2017 to 2023. Overall, the value has remained the same from 2012 to 2024.

What is the land classification of Chithaandipalaya M?

Chithaandipalaya M is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for buying property here?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Chithaandipalaya M located?

The Kunnathur Sub Registrar Office is located at No.348, Uthukuli Road, Kunnathur - 638103, Coimbatore registration zone.