Guideline Value for CHAKKILLIAR STREET

Chakkilliar Street guideline value

The current guideline value of Chakkilliar Street is Rs 780 per sq.ft, effective from 1 July 2024. This street is located in Ward - K village, under the Tiruppur Joint I SRO, and is classified as Residential Class V Type - I.

How the guideline value of Chakkilliar Street has changed

The guideline value of Chakkilliar Street has seen several revisions over the years. The 2007 revision set the value at Rs 305 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, there was a significant drop to Rs 335 per sq.ft in the 2017 revision. The following revision in 2023 brought the value up to Rs 700 per sq.ft, and the most recent revision in 2024 has set it at Rs 780 per sq.ft. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 109%. The jump from 2023 to 2024 represents an 11% increase. Overall, from the 2007 revision to the current 2024 revision, there has been a substantial increase of 156% in the guideline value.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 780 to Rs 4,480 per sq.ft. The median guideline value in this ward is Rs 1,120 per sq.ft, making Chakkilliar Street's current value below this median.

• Chinnan Nagar: Rs 840 per sq.ft (2024)
• Chinnan Nagar 1 - 6 Street: Rs 840 per sq.ft (2024)
• Chinnan Nagar East: Rs 840 per sq.ft (2024)
• Chinnan Nagar North: Rs 840 per sq.ft (2024)
• Church Street (Avinashi Road): Rs 3,920 per sq.ft (2024)
• Duraisamypuram 1 St Street: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in Chakkilliar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, totaling Rs 70,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chakkilliar Street?

The Sub Registrar Office that covers Chakkilliar Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - K. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is legally compliant.

When a property is sold, the guideline value is often referenced to ascertain the minimum value on which stamp duty is calculated. This ensures that both buyers and sellers are aware of the financial implications associated with the property transaction.

Frequently asked questions

What is the current guideline value of Chakkilliar Street?

The current guideline value of Chakkilliar Street is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 305 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, showing an overall increase of 156% over the years.

What is the registration office for Chakkilliar Street?

The registration office for Chakkilliar Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Chakkilliar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600 at 7%.

What are the guideline values of other streets in Ward - K?

Other streets in Ward - K have varying guideline values, with the lowest being Rs 780 per sq.ft and the highest at Rs 4,480 per sq.ft. The median value in this ward is Rs 1,120 per sq.ft.