Guideline Value for Chinnampalayam Road

Chinnampalayam Road guideline value

The current guideline value of Chinnampalayam Road is Rs 541 per sq.ft, effective from 1 July 2024. This road is located in Ward 1 village under the Pollachi Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Chinnampalayam Road has changed

Since the year 2002, the guideline value for Chinnampalayam Road has seen several revisions. The 2002 revision set the value at Rs 109 per sq.ft, which increased to Rs 121 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 200 per sq.ft in 2007, a change of 65%. Following this, the 2012 revision recorded a slight decrease to Rs 540 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 362 per sq.ft in 2017, which was a 49% rise. The 2023 revision maintained the value at Rs 541 per sq.ft, and the same value continues into the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 396%. There are no figures available for revisions in years other than those listed.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,500 per sq.ft, with the median being Rs 541 per sq.ft. Chinnampalayam Road's 2024 figure matches this median value.

• Chinnampalayam Road Sri Garden: Rs 541 per sq.ft (2024)
• C.M.V.Layout: Rs 301 per sq.ft (2024)
• C.P.Ramakrishnasamy Layout: Rs 541 per sq.ft (2024)
• C.P.S.Gardens: Rs 541 per sq.ft (2024)
• Bowdhigam Chandrasekar Nagar: Rs 675 per sq.ft (2024)
• Devi Garden: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnampalayam Road

For a 1,000 sq.ft plot at the current rate of Rs 541 per sq.ft, the guideline value amounts to Rs 5,41,000. The stamp duty at 7% would be Rs 37,870, and the registration fee at 2% would be Rs 10,820, bringing the total to Rs 48,690. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chinnampalayam Road?

The Chinnampalayam Road is covered by the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 1

The guideline value is a critical factor when registering property transactions in Ward 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the property registration process. This ensures that all transactions are conducted fairly and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Chinnampalayam Road?

The current guideline value of Chinnampalayam Road is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 109 per sq.ft in 2002 to Rs 541 per sq.ft in 2024, reflecting a total increase of 396% over the years.

What is the land classification for Chinnampalayam Road?

Chinnampalayam Road is classified as Residential Class II Type - I according to the guidelines set by the Registration Department.

What are the stamp duty and registration fees for properties on Chinnampalayam Road?

For a property valued at Rs 5,41,000, the stamp duty would be Rs 37,870 and the registration fee would be Rs 10,820, totaling Rs 48,690.

Where is the Sub Registrar Office for Chinnampalayam Road located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.