Guideline Value for CHITHAMBALAM ROAD-2

Chithambalam Road-2 guideline value

The current guideline value of Chithambalam Road-2 is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Vadugapalayam village under the Palladam SRO, classified as Residential Class II Type - II.

How the guideline value of Chithambalam Road-2 has changed

The guideline value for Chithambalam Road-2 has seen several revisions over the years. The earliest recorded figure was Rs 350 per sq.ft in 2012. This was followed by a decrease to Rs 234 per sq.ft in 2017. Subsequently, the value increased significantly to Rs 350 per sq.ft in 2023, and then further to Rs 380 per sq.ft in 2024, marking a 9% increase from the previous year.

Between 2012 and 2017, there was a notable decline of 33%. However, from 2017 to 2023, the guideline value rose by 50%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 500 per sq.ft. Chithambalam Road-2's 2024 figure is below this median.

• Chithambalam Road-1: Rs 380 per sq.ft (2024)
• Chinniyagounder Street: Rs 500 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)
• Hostel Colony: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Chithambalam Road-2

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, resulting in a total of Rs 34,200. Please 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 Chithambalam Road-2?

The Sub Registrar Office covering Chithambalam Road-2 is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadugapalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When a buyer approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chithambalam Road-2?

The current guideline value of Chithambalam Road-2 is Rs 380 per sq.ft, 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 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What is the land classification of Chithambalam Road-2?

Chithambalam Road-2 is classified as Residential Class II Type - II.

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

Other streets in Vadugapalayam include Chithambalam Road-1, Chinniyagounder Street, Chinnaiya Garden, Ganapathi Nagar, Bharathiyar Street, and Hostel Colony, with guideline values ranging from Rs 380 to Rs 840 per sq.ft in 2024.

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.