Guideline Value for CHARKARAI CHETTIAR STREET

Charkarai Chettiar Street guideline value

The current guideline value of Charkarai Chettiar Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Villankuruchicorpration village under the Ganapathy SRO, classified as Residential Class I Type - II.

How the guideline value of Charkarai Chettiar Street has changed

The guideline value for Charkarai Chettiar Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,120 per sq.ft in 2024.

Between the revisions, notable changes include a 233% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024. The register has no figures for Charkarai Chettiar Street for the years 2002 and 2003.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Charkarai Chettiar Street's value above this median.

• Casa Grande (385/2): Rs 1,670 per sq.ft (2024)
• Cheran Annex: Rs 1,002 per sq.ft (2024)
• Capeneem Lands Extn: Rs 1,120 per sq.ft (2024)
• Chettiar Thaneer Pandhal, Vengadasamy Nagar: Rs 1,120 per sq.ft (2024)
• Chettiarthanneerpanthl: Rs 1,670 per sq.ft (2024)
• Dashkantveethi: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Charkarai Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Charkarai Chettiar Street?

The Sub Registrar Office covering Charkarai Chettiar Street is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Villankuruchicorpration. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for calculating taxes and fees, which are crucial for both buyers and sellers to understand. It is important to note that the actual sale price may exceed the guideline value, in which case the higher amount will be used for calculating duties.

Frequently asked questions

What is the current guideline value of Charkarai Chettiar Street?

The current guideline value of Charkarai Chettiar Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 300 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets with guideline values in Villankuruchicorpration?

Other streets in Villankuruchicorpration have varying guideline values, with rates ranging from Rs 1,002 to Rs 5,600 per sq.ft. Charkarai Chettiar Street's value is above the median of Rs 1,003 per sq.ft.

What is the stamp duty rate for properties in Charkarai Chettiar Street?

The stamp duty rate for properties in Charkarai Chettiar Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Charkarai Chettiar Street is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.