Guideline Value for Chettipalayam Road

Chettipalayam Road guideline value

The current guideline value of Chettipalayam Road in Vellalore village is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Singanallur SRO and is classified as Residential Class II Type - I.

How the guideline value of Chettipalayam Road has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This value remained until the 2017 revision, where it decreased to Rs 201 per sq.ft, reflecting a change of -33%. The value then increased significantly to Rs 300 per sq.ft in the 2023 revision, and further rose to Rs 330 per sq.ft in the 2024 revision, representing a 10% increase. The overall change from 2012 to 2024 shows a slight increase of 10%.

The 2002, 2003, and 2007 revisions have no figures recorded for Chettipalayam Road. From 2017 to 2023, the guideline value increased by 49%, indicating a substantial rise in the value of this property over that period.

Guideline values in Vellalore

Vellalore has a total of 307 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Chettipalayam Road.

• Boothandi Kovil st: Rs 220 per sq.ft (2024)
• Boomi nathan pillai Street: Rs 330 per sq.ft (2024)
• Bogar Street: Rs 275 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 440 per sq.ft (2024)
• Dhanalakshmi Nagar Extension: Rs 935 per sq.ft (2024)
• Duraisamy pillai Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Chettipalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the 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 accurate estimates based on your specific property details.

Which Sub Registrar Office covers Chettipalayam Road?

The Sub Registrar Office that covers Chettipalayam Road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vellalore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations for their property’s worth.

Frequently asked questions

What is the current guideline value of Chettipalayam Road?

The current guideline value of Chettipalayam Road is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Chettipalayam Road?

Chettipalayam Road is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chettipalayam Road?

The Sub Registrar Office for Chettipalayam Road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Chettipalayam Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 23,100.