Guideline Value for Chinna Pallivasal Street

Chinna Pallivasal Street guideline value

The current guideline value of Chinna Pallivasal Street 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 has changed

The guideline value for Chinna Pallivasal Street has seen several revisions over the years. In 2002, the value was Rs 106 per sq.ft, which increased to Rs 119 per sq.ft in 2003, marking a change of +12%. The value then rose significantly to Rs 285 per sq.ft in 2007, showing an increase of +139%. By 2012, the value reached Rs 1,000 per sq.ft, reflecting a substantial increase of +251%. However, it decreased to Rs 670 per sq.ft in 2017, a decline of -33%. The value remained at Rs 1,000 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +843%. The register has no figures for the years between the revisions listed above.

Guideline values in Mettupalayam

In Mettupalayam village, 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 for these streets is Rs 700 per sq.ft, placing Chinna Pallivasal Street's 2024 figure above that median.

• Chinna Pallivasal Street Main Road: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to 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.

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

Which Sub Registrar Office covers Chinna Pallivasal Street?

The Sub Registrar Office that covers Chinna Pallivasal Street 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 in the registration process for property transactions in Mettupalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that all transactions are conducted fairly and transparently.

When you buy or sell property, the guideline value helps to calculate the applicable stamp duty and registration fees, which are essential components of the transaction process. This ensures that both buyers and sellers are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Chinna Pallivasal Street?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 106 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2012, with various increases and one decrease noted in the revisions.

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's 2024 figure being above this median.

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

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 is the Sub Registrar Office for Chinna Pallivasal Street located?

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