Guideline Value for Chinnakinathupalayam

Chinnakinathupalayam guideline value

The current guideline value of Chinnakinathupalayam is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vadugapatti village, under the Sivagiri_Erode SRO, and is classified as Residential Class III Type - V.

How the guideline value of Chinnakinathupalayam has changed

The guideline value for Chinnakinathupalayam has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 44 per sq.ft, reflecting a significant increase of 355% to the 2023 figure. The 2012 revision had set the value at Rs 65 per sq.ft, indicating a decrease of 32% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 208%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. This lack of data means we cannot assess any changes during those years.

Guideline values in Vadugapatti

In Vadugapatti, there are 63 streets under the Sivagiri_Erode SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median value also at Rs 200 per sq.ft. The guideline value for Chinnakinathupalayam is equal to this median.

• Chinna Kinathupalayam 13/1: Rs 200 per sq.ft (2024)
• Elava Natham 1411: Rs 200 per sq.ft (2024)
• Ellakattuvalasu: Rs 200 per sq.ft (2024)
• Ellakattu Valasu 473/1: Rs 200 per sq.ft (2024)
• Ella Natham Aathi thiravedar colony 1403: Rs 200 per sq.ft (2024)
• Gnanapuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakinathupalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000. Together, the total cost for these fees would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnakinathupalayam?

The Sub Registrar Office that covers Chinnakinathupalayam is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vadugapatti, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is officially recognized.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs involved in property transactions. Accurate knowledge of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Chinnakinathupalayam?

The current guideline value of Chinnakinathupalayam 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 from Rs 65 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, marking an overall increase of 208% over this period.

What is the land classification for Chinnakinathupalayam?

Chinnakinathupalayam is classified as Residential Class III Type - V, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Chinnakinathupalayam?

The Sub Registrar Office for Chinnakinathupalayam is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore.

How is stamp duty calculated for properties in Chinnakinathupalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.