Guideline Value for CHELLAMUTHU STREET

Chellamuthu Street guideline value

The current guideline value of Chellamuthu Street is Rs 475 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village, under the Udumalpettai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Chellamuthu Street has changed

The guideline value for Chellamuthu Street has undergone several revisions over the years. In 2003, the value was Rs 109 per sq.ft, which increased significantly to Rs 425 per sq.ft in 2012. However, it saw a decrease to Rs 285 per sq.ft in 2017. The value then rose to Rs 426 per sq.ft in 2023, and most recently, it has increased by 12% to Rs 475 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2007.

Overall, from 2003 to 2024, the guideline value has increased by 336%. The changes between revisions highlight a significant rise from 2017 to 2023 of 49%, while the increase from 2012 to 2017 was a decrease of 33%. The most notable change was from 2003 to 2012, which saw an increase of 290%.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 475 per sq.ft, which is equal to the current guideline value of Chellamuthu Street.

• Boyar Street: Rs 475 per sq.ft (2024)
• Choliar Lane: Rs 475 per sq.ft (2024)
• Daily Market: Rs 700 per sq.ft (2024)
• Devangar Lane: Rs 660 per sq.ft (2024)
• Devar Lane: Rs 475 per sq.ft (2024)
• Dhali Road: Rs 2,020 per sq.ft (2024)

Stamp duty and registration fee for property in Chellamuthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 475 per sq.ft, the total guideline value would be Rs 4,75,000. The stamp duty at 7% would amount to Rs 33,250, and the registration fee at 2% would be Rs 9,500, bringing the total charges to Rs 42,750. It is important to 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 further calculations.

Which Sub Registrar Office covers Chellamuthu Street?

The Sub Registrar Office covering Chellamuthu Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ward - C. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Chellamuthu Street?

The current guideline value of Chellamuthu Street is Rs 475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Chellamuthu Street has changed from Rs 109 per sq.ft in 2003 to Rs 475 per sq.ft in 2024, reflecting an overall increase of 336%.

What is the registration office for Chellamuthu Street?

The registration office for Chellamuthu Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

What are the stamp duty rates applicable in Chellamuthu Street?

The stamp duty rate applicable in Chellamuthu Street is 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.

What is the land classification for Chellamuthu Street?

Chellamuthu Street is classified as Residential Class IV Type - II, which influences its guideline value and usage in property transactions.