Guideline Value for Bellam Krishnan Chetty Street Main

Bellam Krishnan Chetty Street Main guideline value

The current guideline value of Bellam Krishnan Chetty Street Main is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-2 village under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - II.

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

The guideline value for Bellam Krishnan Chetty Street Main has undergone several revisions over the years. In the 2012 revision, the value was Rs 2,650 per sq.ft, which decreased to Rs 1,775 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,650 per sq.ft in the 2023 revision, and then rose to Rs 2,900 per sq.ft in the 2024 revision, reflecting a change of +9% from the previous year.

From 2012 to 2017, there was a decrease of -33%, but the overall change from 2012 to 2024 shows an increase of +9%. 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 have a 2024 guideline value ranging from Rs 1,000 to Rs 6,800 per sq.ft, with a median value of Rs 1,800 per sq.ft. The guideline value for Bellam Krishnan Chetty Street Main is above this median.

• Bellam Krishnan Chetty Street Lane: Rs 1,800 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 Main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bellam Krishnan Chetty Street Main?

The Sub Registrar Office covering Bellam Krishnan Chetty Street Main 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 is crucial when registering property transactions in Ward-2. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Bellam Krishnan Chetty Street Main is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,650 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, marking a +9% increase. It was Rs 1,775 per sq.ft in 2017 and Rs 2,650 per sq.ft in 2012, showing a significant change over the years.

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

Bellam Krishnan Chetty Street Main is classified as Residential Special Type - II, indicating its primary use for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 29,00,000, with total fees amounting to Rs 2,61,000.

Where can I find the Sub Registrar Office for this area?

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