Guideline Value for Chinnakuilai

Chinnakuilai guideline value

The current guideline value of Chinnakuilai is Rs 140 per sq.ft, effective from 1 July 2024. This area is located in Kallapalayam village under the Singanallur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chinnakuilai has changed

The guideline value for Chinnakuilai has seen several revisions over the years. The earliest recorded value was Rs 100 per sq.ft in 2012, which then changed to Rs 67 per sq.ft in 2017. Following this, the value increased to Rs 100 per sq.ft in 2023, and most recently, it has risen to Rs 140 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most significant change occurred from 2023 to 2024, with an increase of 40%. Overall, from 2012 to 2024, the guideline value has increased by 40%.

Guideline values in Kallapalayam

Kallapalayam has 81 streets under the Singanallur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value is Rs 140 per sq.ft, which is also the current value for Chinnakuilai. Other streets in Kallapalayam include:

• Coddissia Industial Park: Rs 220 per sq.ft (2024)
• COFIOA Industrial Park: Rs 220 per sq.ft (2024)
• Brindavan street: Rs 140 per sq.ft (2024)
• Dr. Ambekhar street: Rs 140 per sq.ft (2024)
• East street: Rs 140 per sq.ft (2024)
• Bharathiyar salai: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakuilai

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,40,000. The stamp duty at 7% amounts to Rs 9,800, and the registration fee at 2% is Rs 2,800, totaling Rs 12,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chinnakuilai?

The Sub Registrar Office that covers Chinnakuilai is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kallapalayam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chinnakuilai?

The current guideline value of Chinnakuilai is Rs 140 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 140 per sq.ft in 2024.

What are the stamp duty rates for property in Chinnakuilai?

The stamp duty rate for property in Chinnakuilai is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chinnakuilai located?

The Sub Registrar Office for Chinnakuilai is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

What is the median guideline value in Kallapalayam?

The median guideline value in Kallapalayam is Rs 140 per sq.ft, which is also the current guideline value for Chinnakuilai.