Guideline Value

Corporate

Guideline Value for ChenniPalayam Main Street

₹225/sq.ft.

The guideline value for Chennipalayam Main Street in Aval Poondurai village (Avalpoondurai SRO, Coimbatore zone) is Rs 225 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Aval Poondurai

Village

Avalpoondurai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹225 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹24 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kangeyam Main Road, Bus Stop, Avalpoondurai-638115,modakurichi Taluk,erode District Kangeyam Main Road, Avalpoondurai - 638115
0424-2920408
[email protected]

DRO (District Registrar Office)

Dr Office Compound, Annasathya Nagar, Iraniyan Street, Rangampalayam, Erode - 638 009.
0424-2330031
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Chennipalayam Main Street

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ChenniPalayam Main Street guideline value

The current guideline value of ChenniPalayam Main Street is Rs 225 per sq.ft, effective from 1 July 2024. This street is located in Aval Poondurai village, under the Avalpoondurai SRO, and is classified as Residential Class II Type - I.

How the guideline value of ChenniPalayam Main Street has changed

The guideline value for ChenniPalayam Main Street has seen significant changes over the years. In 2003, the guideline value was Rs 24 per sq.ft, which rose to Rs 134 per sq.ft in 2017. This marked an increase of 458%. Following this, the value increased to Rs 200 per sq.ft in 2023, representing a 49% rise from the previous revision. The latest revision in 2024 shows a further increase to Rs 225 per sq.ft, which is a 13% increase from 2023.

There are no figures available for the years 2002, 2007, and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 838%.

Guideline values in Aval Poondurai

Aval Poondurai village features 50 streets under the Avalpoondurai SRO, with guideline values ranging from Rs 225 to Rs 440 per sq.ft. The median guideline value is Rs 225 per sq.ft, which is the same as the current value for ChenniPalayam Main Street.

Stamp duty and registration fee for property in ChenniPalayam Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 225 per sq.ft, the total guideline value would be Rs 2,25,000. The stamp duty at 7% would amount to Rs 15,750, and the registration fee at 2% would be Rs 4,500, leading to a total of Rs 20,250. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers ChenniPalayam Main Street?

The Sub Registrar Office that covers ChenniPalayam Main Street is the Avalpoondurai Sub Registrar Office, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115, Modakurichi Taluk, Erode District, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aval Poondurai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of ChenniPalayam Main Street?

The current guideline value of ChenniPalayam Main Street is Rs 225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 24 per sq.ft to Rs 225 per sq.ft in 2024, reflecting an overall increase of 838% over this period.

What are the stamp duty and registration fees for properties in ChenniPalayam Main Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total cost would be Rs 20,250, including both fees.

Which office handles registrations for ChenniPalayam Main Street?

The Avalpoondurai Sub Registrar Office is responsible for handling registrations for ChenniPalayam Main Street, located at Kangeyam Main Road, Bus Stop, Avalpoondurai-638115.

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

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for the value of the property being registered.