Guideline Value for Bellam Krishnan Chetty Street Lane

Bellam Krishnan Chetty Street Lane guideline value

The current guideline value of Bellam Krishnan Chetty Street Lane is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bellam Krishnan Chetty Street Lane has changed

The guideline value has undergone several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft. This figure saw a decrease to Rs 1,072 per sq.ft in 2017, marking a decline of 33%. However, the value rebounded significantly to Rs 1,600 per sq.ft in 2023, and then increased to Rs 1,800 per sq.ft in 2024, reflecting a rise of 13% from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward-2

In Ward-2, there are 79 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,800 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, which is equal to the guideline value of Bellam Krishnan Chetty Street Lane.

• Bellam Krishnan Chetty Street Main: Rs 2,900 per sq.ft (2024)
• Baskara Naidu Lane 2: Rs 2,100 per sq.ft (2024)
• Baskara Naidu Lane 1: Rs 2,100 per sq.ft (2024)
• Big Bazaar Street Lane: Rs 5,100 per sq.ft (2024)
• Big Bazaar Street Main: Rs 6,800 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bellam Krishnan Chetty Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. 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 details.

Which Sub Registrar Office covers Bellam Krishnan Chetty Street Lane?

The Sub Registrar Office for Bellam Krishnan Chetty Street Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-2

The guideline value plays a crucial role in the registration process of property transactions in Ward-2. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buyers or sellers engage in property transactions, they must consider the guideline value to avoid any discrepancies during registration. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Bellam Krishnan Chetty Street Lane?

The current guideline value of Bellam Krishnan Chetty Street Lane is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012, decreased to Rs 1,072 per sq.ft in 2017, then rose to Rs 1,600 per sq.ft in 2023, and finally increased to Rs 1,800 per sq.ft in 2024.

What is the land classification for Bellam Krishnan Chetty Street Lane?

Bellam Krishnan Chetty Street Lane is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for this street?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Bellam Krishnan Chetty Street Lane, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.