Guideline Value for Chennama Naickenpalayam

Chennama Naickenpalayam guideline value

The current guideline value of Chennama Naickenpalayam is Rs 200 per sq.ft, as per the 2023 revision. This area is located in Idikarai village and falls under the Periyanayakkan Palayam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Chennama Naickenpalayam has changed

The guideline value of Chennama Naickenpalayam has seen several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft. However, in the 2017 revision, it decreased to Rs 134 per sq.ft, marking a decline of 33%. The latest revision in 2023 saw a significant increase to Rs 200 per sq.ft, representing a 49% rise from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Idikarai

Currently, there are no specific guideline values provided for other streets in Idikarai. Chennama Naickenpalayam is the only street mentioned under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Chennama Naickenpalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, bringing the total fees to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chennama Naickenpalayam?

The Sub Registrar Office that covers Chennama Naickenpalayam is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Idikarai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being registered.

Frequently asked questions

What is the current guideline value of Chennama Naickenpalayam?

The current guideline value of Chennama Naickenpalayam is Rs 200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, and then back to Rs 200 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

Are there any guideline values for other streets in Idikarai?

Currently, there are no specific guideline values provided for other streets in Idikarai. Chennama Naickenpalayam is the only street mentioned under the Periyanayakkan Palayam SRO.

What are the stamp duty and registration fees for property in Chennama Naickenpalayam?

For a 1,000 sq.ft plot, the guideline value is Rs 2,00,000. The stamp duty at 7% is Rs 14,000, and the registration fee at 2% is Rs 4,000, totaling Rs 18,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Chennama Naickenpalayam located?

The Sub Registrar Office covering Chennama Naickenpalayam is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.