Guideline Value for Chinndhamanipudur

Chinndhamanipudur guideline value

The current guideline value of Chinndhamanipudur is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village under the Sulur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinndhamanipudur has changed

The guideline value for Chinndhamanipudur has undergone several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value saw a significant increase to Rs 400 per sq.ft in 2023, and the latest revision for 2024 is Rs 448 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. Overall, from 2007 to 2024, the guideline value has increased by 124%. The fluctuations reflect the changing dynamics of property valuation in the area.

Guideline values in Kannampalayam

In Kannampalayam, there are 114 streets under the Sulur SRO with a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft. The median value is Rs 336 per sq.ft, making Chinndhamanipudur's 2024 figure of Rs 448 per sq.ft above the median.

• Chinna Thottam: Rs 224 per sq.ft (2024)
• Chinna Rame Gounder Street: Rs 448 per sq.ft (2024)
• Cheran Nagar: Rs 896 per sq.ft (2024)
• Chennimalai Gounder Street: Rs 448 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 224 per sq.ft (2024)
• E.B.Colony: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in Chinndhamanipudur

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chinndhamanipudur?

The Sub Registrar Office that covers Chinndhamanipudur is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kannampalayam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Chinndhamanipudur?

The current guideline value of Chinndhamanipudur is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 448 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification of Chinndhamanipudur?

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

Where can I find the Sub Registrar Office for Chinndhamanipudur?

The Sub Registrar Office for Chinndhamanipudur is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated for properties in Chinndhamanipudur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 40,320.