Guideline Value for Chinna Pallivasal Street West Side

Chinna Pallivasal Street West Side guideline value

The current guideline value for Chinna Pallivasal Street West Side 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 West Side has changed

Over the years, the guideline value for Chinna Pallivasal Street West Side has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 84 per sq.ft. It increased to Rs 95 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 255 per sq.ft in 2007, which was an increase of +168%. In the 2012 revision, the value reached Rs 1,000 per sq.ft, reflecting a substantial increase of +292%. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of -33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision also holds it at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in years other than those specified. The overall change from the 2002 revision to the 2024 revision is an impressive +1090%.

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, with a median value of Rs 700 per sq.ft. Chinna Pallivasal Street West Side's 2024 figure of Rs 1,000 per sq.ft is above this median.

• Chinna Pallivasal Street Main Road: Rs 1,000 per sq.ft (2024)
• Chinna Pallivasal Street: 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 West Side

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 is charged at 7%, which would be Rs 70,000, and the registration fee is 2%, amounting to Rs 20,000. Therefore, the total fees together would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinna Pallivasal Street West Side?

The Sub Registrar Office that covers Chinna Pallivasal Street West Side is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value for Chinna Pallivasal Street West Side?

The current guideline value for Chinna Pallivasal Street West Side 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 changed significantly from Rs 84 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of +1090% over the years.

What is the median guideline value in Mettupalayam?

The median guideline value in Mettupalayam is Rs 700 per sq.ft, with Chinna Pallivasal Street West Side's value being above this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total fees would amount to Rs 90,000.

Where is the Sub Registrar Office for Chinna Pallivasal Street West Side located?

The Sub Registrar Office for Chinna Pallivasal Street West Side is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.