Guideline Value for Chennamanaickenur

Chennamanaickenur guideline value

The current guideline value of Chennamanaickenur is Rs 220 per sq.ft, effective from 1 July 2024. This village falls under Narasimmanaickenpalayam and is registered with the Periyanayakkan Palayam SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Chennamanaickenur has changed

Looking at the historical revisions, the guideline value for Chennamanaickenur has seen several changes. In the 2012 revision, the value was Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in the 2017 revision. This represents a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a 65% rise. The most recent revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 22%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam contains 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median value for these streets is Rs 310 per sq.ft, placing Chennamanaickenur's 2024 figure below this median. Here are the guideline values for other streets in Narasimmanaickenpalayam:

• Cardwell Spinning Mills Area: Rs 220 per sq.ft (2024)
• Bombay Nagar: Rs 220 per sq.ft (2024)
• Chitra Nagar: Rs 450 per sq.ft (2024)
• City Circle: Rs 1,340 per sq.ft (2024)
• Daimand Nagar: Rs 220 per sq.ft (2024)
• Deniel Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Chennamanaickenur

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chennamanaickenur?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Narasimmanaickenpalayam. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government norms.

When a buyer approaches the registration office, the guideline value will be used to calculate the stamp duty and registration fees. This value serves as a basis for both the buyer and seller to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Chennamanaickenur?

The current guideline value of Chennamanaickenur is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 121 per sq.ft in 2017 and an increase to Rs 200 per sq.ft in 2023.

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Chennamanaickenur?

The Periyanayakkan Palayam Sub Registrar Office covers Chennamanaickenur, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification for Chennamanaickenur?

The land classification for Chennamanaickenur is Residential Class III Type - V, indicating its designated use for residential purposes.