Guideline Value for Chinnathandam Palayam 992

Chinnathandam Palayam 992 guideline value

The current guideline value for Chinnathandam Palayam 992 is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kollankovil village, under the Sivagiri_Erode SRO, and falls under the Residential Class III Type - V land classification.

How the guideline value of Chinnathandam Palayam 992 has changed

The guideline value for Chinnathandam Palayam has undergone several revisions over the years. In 2007, the guideline value was Rs 31 per sq.ft, which increased to Rs 95 per sq.ft in 2012. However, this figure saw a decrease to Rs 64 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value surged to Rs 200 per sq.ft, marking an increase of 213%. The current revision for 2024 maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 545%.

Guideline values in Kollankovil

Kollankovil village has a total of 62 streets under the Sivagiri_Erode SRO, all carrying a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for Chinnathandam Palayam 992 is equal to this median.

• East street: Rs 200 per sq.ft (2024)
• Elavanatham East&West Street 158/2: Rs 200 per sq.ft (2024)
• Elavantham 725/B: Rs 200 per sq.ft (2024)
• Ganthinagar Harijana colony: Rs 200 per sq.ft (2024)
• Gopalathottam: Rs 200 per sq.ft (2024)
• Kalaiynar Nagar Colony 904/2 ,3B: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnathandam Palayam 992

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Chinnathandam Palayam 992?

The Sub Registrar Office that covers Chinnathandam Palayam 992 is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kollankovil. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value for Chinnathandam Palayam 992?

The current guideline value for Chinnathandam Palayam 992 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 31 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, an overall increase of 545% over the years.

What is the role of the guideline value in property transactions?

The guideline value serves as a minimum benchmark for property registration, ensuring that the government collects appropriate revenue through stamp duty and registration fees based on the higher of the guideline value or the sale price.

Where is the Sivagiri_Erode Sub Registrar Office located?

The Sivagiri_Erode Sub Registrar Office is located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.

How can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available on our site for accurate estimates based on the guideline value.