Guideline Value for CHITTIPALAYAM MAIN ROAD

Chittipalayam Main Road guideline value

The current guideline value of Chittipalayam Main Road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Pappampatti village under the Singanallur SRO, classified as Mixed Type - II land.

How the guideline value of Chittipalayam Main Road has changed

The guideline value register for Chittipalayam Main Road has no figures recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, where the guideline value is set at Rs 500 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the aforementioned years. Therefore, the current value represents a new entry in the guideline value register.

Guideline values in Pappampatti

In Pappampatti, there are 140 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 140 to Rs 750 per sq.ft, with a median value of Rs 195 per sq.ft. Chittipalayam Main Road's 2024 figure is above this median.

• City Marcus Extn.: Rs 330 per sq.ft (2024)
• Chinnakuyili Road: Rs 220 per sq.ft (2024)
• Chettipalayam Main Road: Rs 500 per sq.ft (2024)
• Brindhavanam: Rs 140 per sq.ft (2024)
• Dr. MGR Nagar: Rs 165 per sq.ft (2024)
• East Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Chittipalayam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chittipalayam Main Road?

The Sub Registrar Office covering Chittipalayam Main Road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pappampatti. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When a property is sold, the guideline value is used to determine the applicable duties, which are charged based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and consistent for all transactions.

Frequently asked questions

What is the current guideline value of Chittipalayam Main Road?

The current guideline value of Chittipalayam Main Road is Rs 500 per sq.ft, effective from 1 July 2024.

What changes have occurred in the guideline value for Chittipalayam Main Road?

There have been no recorded figures for Chittipalayam Main Road in the years 2002, 2003, 2007, 2012, 2017, and 2023. The current value of Rs 500 per sq.ft is from the 2024 revision.

What is the land classification for Chittipalayam Main Road?

Chittipalayam Main Road is classified as Mixed Type - II land as per the guideline value register.

How is the stamp duty calculated for properties on Chittipalayam Main Road?

Stamp duty for properties on Chittipalayam Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total stamp duty of Rs 35,000.

Which office handles property registrations for Chittipalayam Main Road?

The Singanallur Sub Registrar Office handles property registrations for Chittipalayam Main Road. It is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.