Guideline Value for Chinnammal Layout

Chinnammal Layout guideline value

The current guideline value of Chinnammal Layout is Rs 1,015 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, classified as Residential Class I Type - III.

How the guideline value of Chinnammal Layout has changed

The guideline value for Chinnammal Layout has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. This was followed by a significant increase to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 1,015 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 113%. The overall change from 2012 to 2024 shows an increase of 45%, reflecting the latest guideline value at Rs 1,015 per sq.ft.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Chinnammal Layout's 2024 figure above that median.

• Chettiar Amma Kadu 2nd Street: Rs 1,000 per sq.ft (2024)
• Chettiar Amma Kadu 1st Street: Rs 1,000 per sq.ft (2024)
• Cheran Nagar Backside: Rs 1,000 per sq.ft (2024)
• Cheran Nagar A,B,C Extension: Rs 1,000 per sq.ft (2024)
• Cheran Nagar: Rs 1,325 per sq.ft (2024)
• Chozhan Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnammal Layout

For a 1,000 sq.ft plot at the current rate of Rs 1,015 per sq.ft, the guideline value amounts to Rs 10,15,000. The stamp duty at 7% would be Rs 71,050, and the registration fee at 2% would be Rs 20,300, totaling Rs 91,350. 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 Chinnammal Layout?

The Sub Registrar Office that covers Chinnammal Layout is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kavundampalayam. It determines the minimum price at which the property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are transparent and comply with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chinnammal Layout?

The current guideline value of Chinnammal Layout is Rs 1,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,015 per sq.ft in 2024.

What is the land classification of Chinnammal Layout?

Chinnammal Layout is classified as Residential Class I Type - III under the Vadavalli SRO.

Where can I find the registration office for Chinnammal Layout?

The registration office for Chinnammal Layout is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Chinnammal Layout?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,15,000, the stamp duty would be Rs 71,050.