Guideline Value for ATHAYI CHETTIAR STREET

Athayi Chettiar Street guideline value

The current guideline value of Athayi Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village under the Kinathukkadavu SRO and is classified as Residential Class I Type - I.

How the guideline value of Athayi Chettiar Street has changed

The guideline value for Athayi Chettiar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This was followed by a decrease to Rs 167 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 250 per sq.ft in the 2023 revision and further rose to Rs 280 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chettipalayam

In Chettipalayam village, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 680 per sq.ft. The median guideline value is Rs 280 per sq.ft, which is the same as that of Athayi Chettiar Street.

• Athi Thiravidar Theru: Rs 225 per sq.ft (2024)
• Ayyannan Chettiar Street: Rs 280 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 280 per sq.ft (2024)
• Arputham Nagar: Rs 280 per sq.ft (2024)
• Arijana Kalani: Rs 225 per sq.ft (2024)
• Bajanai Koil Street: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Athayi Chettiar Street

For a 1,000 sq.ft plot at the current rate of Rs 280 per sq.ft, the guideline value is Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, totaling Rs 25,200. Please note that the 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 details.

Which Sub Registrar Office covers Athayi Chettiar Street?

The Sub Registrar Office that covers Athayi Chettiar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Chettipalayam. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the current market standards. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Athayi Chettiar Street?

The current guideline value of Athayi Chettiar Street is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What are the guideline values of other streets in Chettipalayam?

Other streets in Chettipalayam have varying guideline values, with rates ranging from Rs 225 to Rs 680 per sq.ft. The median value is Rs 280 per sq.ft, which is the same as Athayi Chettiar Street.

What fees are associated with buying property in Athayi Chettiar Street?

When buying property, you will need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Athayi Chettiar Street?

The Kinathukkadavu Sub Registrar Office covers Athayi Chettiar Street, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.