Guideline Value for Chettiar Veethi

Chettiar Veethi guideline value

The current guideline value of Chettiar Veethi is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Perianaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - II.

How the guideline value of Chettiar Veethi has changed

Over the years, the guideline value of Chettiar Veethi has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 250 per sq.ft, and the latest revision in 2024 has raised it to Rs 280 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In summary, the changes between the revisions show a +12% increase from 2023 to 2024, a +50% increase from 2017 to 2023, and a -33% decrease from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +12%.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing Chettiar Veethi's 2024 figure below this median.

• Brindhavan Nagar: Rs 440 per sq.ft (2024)
• Ellai Thottam: Rs 220 per sq.ft (2024)
• Bharathi Nagar - 9: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 8: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 7: Rs 440 per sq.ft (2024)
• Bharathi Nagar - 6: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty, calculated at 7%, would be Rs 19,600, while the registration fee at 2% would be Rs 5,600. Together, the total cost for stamp duty and registration fee would be Rs 25,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chettiar Veethi?

The Sub Registrar Office that covers Chettiar Veethi 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 details.

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

The guideline value is a crucial reference point during property transactions in Perianaickenpalayam. It determines the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to avoid disputes during registration. The final sale price must be equal to or higher than the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chettiar Veethi?

The current guideline value of Chettiar Veethi is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What are the other streets in Perianaickenpalayam?

Other streets in Perianaickenpalayam include Brindhavan Nagar, Ellai Thottam, and multiple Bharathi Nagar streets, with guideline values ranging from Rs 220 to Rs 440 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Chettiar Veethi?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 19,600 and the registration fee would be Rs 5,600, totaling Rs 25,200.

Where can I find the Sub Registrar Office for Chettiar Veethi?

The Sub Registrar Office for Chettiar Veethi is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.