Guideline Value for Chellipalayam Natham (22/1,24)

Chellipalayam Natham (22/1,24) guideline value

The current guideline value of Chellipalayam Natham (22/1,24) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Chellipalayam village, under the Sathyamangalam SRO, classified as Residential Class I Type - I.

How the guideline value of Chellipalayam Natham (22/1,24) has changed

The guideline value for Chellipalayam Natham has seen several revisions over the years. In the 2012 revision, the value was set at Rs 120 per sq.ft, which increased to Rs 80 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, marking a 150% increase. The 2023 revision maintained the value at Rs 200 per sq.ft, which remains the same in the 2024 revision.

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 67%.

Guideline values in Chellipalayam

In Chellipalayam, there are four streets under the Sathyamangalam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Chellipalayam Natham (22/1,24) matches this median value.

• Kaliappa goundanur Natham (64/22, 63/22,71): Rs 200 per sq.ft (2024)
• Kaliappa goundanur Natham (69): Rs 200 per sq.ft (2024)
• Nanganaickenur Natham (55/7): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chellipalayam Natham (22/1,24)

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

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

Which Sub Registrar Office covers Chellipalayam Natham (22/1,24)?

The Sub Registrar Office that covers Chellipalayam Natham is the Sathyamangalam Sub Registrar Office, located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Chellipalayam. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the SRO for registration, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected based on this value.

Frequently asked questions

What is the current guideline value for Chellipalayam Natham (22/1,24)?

The current guideline value for Chellipalayam Natham (22/1,24) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with significant increases noted during the revisions in 2017 and 2023.

What are the stamp duty and registration fees for property in Chellipalayam Natham?

The stamp duty is charged at 7%, while the registration fee is at 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles property registrations in Chellipalayam?

The Sathyamangalam Sub Registrar Office handles property registrations for Chellipalayam Natham, located at No.75, Municipal Primary School, North Street, Atthani Road, Sathyamangalam - 638401.

What is the significance of the guideline value in property transactions?

The guideline value is used as a basis for calculating stamp duty and registration fees during property transactions, ensuring that the correct amounts are collected based on the property's value.