Guideline Value for Chinnamal Garden

Chinnamal Garden guideline value

The current guideline value of Chinnamal Garden in P. Chettipalayam village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Chinnamal Garden has changed

Historically, the guideline value for Chinnamal Garden has undergone several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This change from 2023 to 2024 reflects a notable adjustment in the valuation of properties in this area. The increase highlights the evolving landscape of property values in P. Chettipalayam.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this village is Rs 470 per sq.ft, making the 2024 figure for Chinnamal Garden above this median.

• Chinnamal Layout: Rs 550 per sq.ft (2024)
• Chinna Vedan Colony: Rs 220 per sq.ft (2024)
• C.J Layout: Rs 330 per sq.ft (2024)
• C.J. Plots: Rs 330 per sq.ft (2024)
• C.M.C.Colony: Rs 470 per sq.ft (2024)
• Coimbatore Postel House Building Society Phase II Colony: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnamal Garden?

The Sub Registrar Office that covers Chinnamal Garden is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 P. Chettipalayam

The guideline value is a crucial factor in property transactions in P. Chettipalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Understanding the guideline value helps buyers and sellers navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Chinnamal Garden?

The current guideline value of Chinnamal Garden is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Chinnamal Garden?

Chinnamal Garden is classified as Residential Class I Type - II, indicating its suitability for residential development.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft incurs a total fee of Rs 49,500.

Where is the Sub Registrar Office for Chinnamal Garden located?

The Sub Registrar Office for Chinnamal Garden is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.