Guideline Value for Chinna Semmandampalayam

Chinna Semmandampalayam guideline value

The current guideline value of Chinna Semmandampalayam is Rs 200 per sq.ft, effective from 1 July 2024. This village falls under the Punjai kolanalli area and is governed by the Kodumudi SRO. The land classification is Residential Class III Type - V.

How the guideline value of Chinna Semmandampalayam has changed

The guideline value for Chinna Semmandampalayam has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 13 per sq.ft. In 2007, this increased to Rs 15 per sq.ft, followed by a significant rise to Rs 60 per sq.ft in 2012. However, there was a decrease to Rs 40 per sq.ft in 2017. The most notable change occurred between 2017 and 2023, where the value surged to Rs 200 per sq.ft, marking a 400% increase. The 2024 revision remains at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1438%, reflecting the changes in the area over the years.

Guideline values in Punjai kolanalli

In Punjai kolanalli, there are 65 streets under the Kodumudi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also at Rs 200 per sq.ft. Chinna Semmandampalayam's current figure aligns with this median.

• Kuttaipalayam: Rs 200 per sq.ft (2024)
• Nadupalayam: Rs 200 per sq.ft (2024)
• Periyasemmandampalayam pudur: Rs 200 per sq.ft (2024)
• Perumampalayam: Rs 200 per sq.ft (2024)
• Sankkiliyar natham: Rs 200 per sq.ft (2024)
• Semmandampalayam: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Semmandampalayam

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Semmandampalayam?

The Sub Registrar Office that covers Chinna Semmandampalayam is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Punjai kolanalli, the guideline value is a crucial factor during the registration process. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

Buyers and sellers should be aware that the guideline value is updated periodically, and it reflects the prevailing market conditions in the area. It is essential to refer to the latest figures to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Chinna Semmandampalayam?

The current guideline value of Chinna Semmandampalayam is Rs 200 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 13 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 1438% over this period.

What is the registration office for Chinna Semmandampalayam?

The registration office for Chinna Semmandampalayam is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How is stamp duty calculated for properties in Chinna Semmandampalayam?

Stamp duty for properties in Chinna Semmandampalayam is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty and registration fee of Rs 18,000.

Are there other streets with the same guideline value in Punjai kolanalli?

Yes, there are several other streets in Punjai kolanalli that share the same guideline value of Rs 200 per sq.ft in 2024, including Kuttaipalayam, Nadupalayam, and Semmandampalayam among others.