Guideline Value for CHELLAPPAPURAM 2ND STREET

Chellappapuram 2nd Street guideline value

The current guideline value of Chellappapuram 2nd Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO and is classified as Commercial Class I Type - II.

How the guideline value of Chellappapuram 2nd Street has changed

The guideline value for Chellappapuram 2nd Street has undergone several revisions over the years. In 2007, the value was Rs 990 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012, marking a 26% rise. However, it then decreased to Rs 837 per sq.ft in 2017, reflecting a 33% decline. Following this, the value surged to Rs 1,250 per sq.ft in 2023, and further increased by 10% to reach Rs 1,375 per sq.ft in 2024.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 39%. The register has no figure for Chellappapuram 2nd Street in 2002 or 2003.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,400 per sq.ft. The median value is Rs 990 per sq.ft, placing Chellappapuram 2nd Street's 2024 figure above that median.

• 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)
• Chellandiamman Durai (Wasteland): Rs 1,210 per sq.ft (2024)
• Chellandiammal Kovil Street: Rs 1,210 per sq.ft (2024)
• Brokker Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Chellappapuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total cost for these fees to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chellappapuram 2nd Street?

The Chellappapuram 2nd Street falls under the Tiruppur Joint II 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 - H

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Ward - H. It serves as a reference point for the official valuation of the property, which affects the overall transaction costs.

When registering a property, the guideline value ensures that the state government collects appropriate taxes based on the property's value. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Chellappapuram 2nd Street?

The current guideline value of Chellappapuram 2nd Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 990 per sq.ft in 2007 to Rs 1,375 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Ward - H?

The median guideline value in Ward - H is Rs 990 per sq.ft, with Chellappapuram 2nd Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,75,000, the total fees would amount to Rs 1,23,750.

Which office handles registrations for Chellappapuram 2nd Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Chellappapuram 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.