Guideline Value for CHELLANDIAMMAL KOVIL STREET

Chellandiammal Kovil Street guideline value

The current guideline value of Chellandiammal Kovil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO, and the land classification is Residential Special Type - I.

How the guideline value of Chellandiammal Kovil Street has changed

The guideline value for Chellandiammal Kovil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 495 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012. However, it decreased to Rs 737 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,100 per sq.ft in 2023, and then to Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 144%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Chellandiammal Kovil Street's 2024 figure above that median.

• Chellandiamman Durai (Wasteland): Rs 1,210 per sq.ft (2024)
• Chellappapuram 2nd Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 3rd Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 4th Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 5th Street: Rs 1,375 per sq.ft (2024)
• Brokker Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Chellandiammal Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty is charged at 7%, which totals Rs 84,700, while the registration fee at 2% comes to Rs 24,200. Together, the total cost for stamp duty and registration fee is Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Chellandiammal Kovil Street?

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

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

The guideline value plays a crucial role during the registration of property transactions in Ward - H. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the correct amount of duty is calculated based on the property's value. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Chellandiammal Kovil Street?

The current guideline value of Chellandiammal Kovil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What is the median guideline value in Ward - H?

The median guideline value for the 166 streets in Ward - H is Rs 990 per sq.ft, with Chellandiammal Kovil Street's value being above this median.

What are the stamp duty and registration fees for property in Chellandiammal Kovil Street?

The stamp duty for a property in Chellandiammal Kovil Street is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 1,08,900.

Which office handles registrations for Chellandiammal Kovil Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Chellandiammal Kovil Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.