Guideline Value for Chinniampalayam panchayat venkatapuram road

Chinniampalayam panchayat venkatapuram road guideline value

The current guideline value of Chinniampalayam panchayat venkatapuram road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Irugur village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Chinniampalayam panchayat venkatapuram road has changed

The guideline value for Chinniampalayam panchayat venkatapuram road has seen several revisions over the years. The earliest revision available is from 2017, where the value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Chinniampalayam panchayat venkatapuram road is above this median.

• Chinnia Gounder Nagar: Rs 275 per sq.ft (2024)
• Chinniyampalayam Road: Rs 600 per sq.ft (2024)
• Chinnapadevar santhu: Rs 440 per sq.ft (2024)
• Chinnan Street: Rs 880 per sq.ft (2024)
• Daisy Garden: Rs 440 per sq.ft (2024)
• Deepam nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Chinniampalayam panchayat venkatapuram road

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 at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total cost of Rs 49,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinniampalayam panchayat venkatapuram road?

The Sub Registrar Office that covers Chinniampalayam panchayat venkatapuram road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Irugur, as it determines the minimum value at which the property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value helps both the buyer and seller understand the official worth of the property, which is essential for legal and financial transactions. This value is used to ensure transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Chinniampalayam panchayat venkatapuram road?

The current guideline value of Chinniampalayam panchayat venkatapuram road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and now to Rs 550 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for this road?

Chinniampalayam panchayat venkatapuram road is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office covering Chinniampalayam panchayat venkatapuram road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

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

The guideline value is used to determine the minimum value for property registration, influencing the calculation of stamp duty and registration fees. It ensures that property transactions are conducted transparently and fairly based on an official valuation.