Guideline Value for CHELLAPPAPURAM 3RD STREET

Chellappapuram 3rd Street guideline value

The current guideline value of Chellappapuram 3rd 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, classified as Commercial Class I Type - II.

How the guideline value of Chellappapuram 3rd Street has changed

The guideline value for Chellappapuram 3rd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 990 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012, marking a 26% rise. However, in 2017, the value decreased to Rs 837 per sq.ft, reflecting a 33% drop. The following revisions saw an increase, with the value rising to Rs 1,250 per sq.ft in 2023, and then to Rs 1,375 per sq.ft in 2024, a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 39%. It is important to note that there are no figures for the years 2002 and 2003 in the register 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, with a median value of Rs 990 per sq.ft. The guideline value of Chellappapuram 3rd Street is above this median.

• Chellappapuram 2nd 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. 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 more specific calculations.

Which Sub Registrar Office covers Chellappapuram 3rd Street?

The Chellappapuram 3rd 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 the registration process of property transactions in Ward - H. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chellappapuram 3rd Street?

The current guideline value of Chellappapuram 3rd 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 changed from Rs 990 per sq.ft in 2007 to Rs 1,375 per sq.ft in 2024, reflecting a 39% increase over the years.

What is the stamp duty for property in Chellappapuram 3rd Street?

The stamp duty for property in Chellappapuram 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Chellappapuram 3rd Street located?

The Sub Registrar Office for Chellappapuram 3rd Street is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Chellappapuram 3rd Street?

Chellappapuram 3rd Street is classified as Commercial Class I Type - II under the guideline value register.