Guideline Value for Chandhira Vadhana

Chandhira Vadhana guideline value

The current guideline value of Chandhira Vadhana is Rs 890 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Chandhira Vadhana has changed

The guideline value for Chandhira Vadhana has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, before reaching the current rate of Rs 890 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the 2012 to 2017 revision saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for this street in 2002, 2003, and 2007.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. The guideline value for Chandhira Vadhana is above this median.

• Chellammal Colony: Rs 770 per sq.ft (2024)
• Chellammal Colony 1st Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 2nd Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 3rd Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 4th Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 5th Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Chandhira Vadhana

For a 1,000 sq.ft plot at the current guideline value of Rs 890 per sq.ft, the total guideline value would be Rs 8,90,000. The stamp duty at 7% would amount to Rs 62,300, and the registration fee at 2% would be Rs 17,800, bringing the total cost for these fees to Rs 80,100. 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 Chandhira Vadhana?

The Chandhira Vadhana area falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the minimum value for property transactions, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chandhira Vadhana?

The current guideline value of Chandhira Vadhana is Rs 890 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 revision at Rs 800 per sq.ft, dropping to Rs 536 per sq.ft in 2017, then rising to Rs 800 per sq.ft in 2023, and finally reaching Rs 890 per sq.ft in 2024.

What is the land classification of Chandhira Vadhana?

Chandhira Vadhana is classified as Mixed Type - I land, which indicates its use for various purposes.

What are the stamp duty and registration fees for properties in Chandhira Vadhana?

For a property valued at Rs 8,90,000, the stamp duty would be Rs 62,300, and the registration fee would be Rs 17,800, totaling Rs 80,100.

Which office handles property registrations for Chandhira Vadhana?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Chandhira Vadhana, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.