Guideline Value for Chinna Pallivasal Street Main Road

Chinna Pallivasal Street Main Road guideline value

The current guideline value of Chinna Pallivasal Street Main Road is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinna Pallivasal Street Main Road has changed

The guideline value for Chinna Pallivasal Street Main Road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 211 per sq.ft. It increased to Rs 237 per sq.ft in 2003, followed by a rise to Rs 325 per sq.ft in 2007. The 2012 revision saw a significant increase to Rs 1,000 per sq.ft, but this was followed by a decrease to Rs 670 per sq.ft in 2017. The value remained at Rs 1,000 per sq.ft during the 2023 revision and continues at this rate in the 2024 revision.

Between these revisions, the changes were notable. From 2002 to 2003, there was a +12% change, followed by a +37% increase from 2003 to 2007. The 2007 to 2012 period saw a remarkable +208% increase. However, from 2012 to 2017, there was a -33% decrease. The value then remained unchanged from 2017 to 2023, and again from 2023 to 2024, showing a +0% change.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value of these streets is Rs 700 per sq.ft, placing Chinna Pallivasal Street Main Road's 2024 figure above that median.

• Chinna Pallivasal Street: Rs 1,000 per sq.ft (2024)
• Chinna Pallivasal Street West Side: Rs 1,000 per sq.ft (2024)
• Chinnammal Lay-out Near Main Road: Rs 1,000 per sq.ft (2024)
• Chokkalingam Lane: Rs 600 per sq.ft (2024)
• Christian Colony: Rs 600 per sq.ft (2024)
• Chatthiram Road: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Pallivasal Street Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Pallivasal Street Main Road?

The Sub Registrar Office that covers Chinna Pallivasal Street Main Road is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps buyers and sellers ensure compliance with the legal requirements for registration. It is advisable to consult the latest guideline values to accurately assess the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Chinna Pallivasal Street Main Road?

The current guideline value of Chinna Pallivasal Street Main Road is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 211 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, with notable increases and decreases in between.

What is the median guideline value in Mettupalayam?

The median guideline value for streets in Mettupalayam is Rs 700 per sq.ft, with Chinna Pallivasal Street Main Road's value being above this median.

What are the stamp duty and registration fees for a property in Chinna Pallivasal Street Main Road?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where can I find the Sub Registrar Office for Chinna Pallivasal Street Main Road?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.