Guideline Value for Chinnamal Layout

Chinnamal Layout guideline value

The current guideline value of Chinnamal Layout, located 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 Layout has changed

The guideline value for Chinnamal Layout has seen several revisions over the years. The last recorded figures are from 2023 and 2024, with the 2023 revision set at Rs 500 per sq.ft. The current 2024 revision reflects an increase of 10%, bringing the guideline value to Rs 550 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. This change indicates a shift in the valuation of properties within this area, aligning with the broader adjustments seen in the P. Chettipalayam region.

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 for the area is Rs 470 per sq.ft, placing Chinnamal Layout's 2024 figure above this median.

• Chinnamal Garden: 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 Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which totals Rs 38,500, while the registration fee at 2% amounts to Rs 11,000. Together, the total cost for these fees is Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnamal Layout?

The Sub Registrar Office that covers Chinnamal Layout is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial component in the registration process for buying or selling property in P. Chettipalayam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved. This helps maintain transparency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Chinnamal Layout?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Chinnamal Layout?

Chinnamal Layout is classified as Residential Class I Type - II. This classification indicates the type of residential development permitted in the area.

What are the stamp duty and registration fees for properties in Chinnamal Layout?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chinnamal Layout located?

The Coimbatore South Joint 1 Sub Registrar Office is located at No.410a, Raja Street, Coimbatore-641001. This office handles the registration of properties in Chinnamal Layout.