Guideline Value for CHELLAPPAPURAM 4TH STREET

Chellappapuram 4th Street guideline value

The current guideline value of Chellappapuram 4th 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 4th Street has changed

The guideline value for Chellappapuram 4th Street has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 990 per sq.ft. This value increased to Rs 1,250 per sq.ft in 2012, reflecting a 26% rise. However, it then decreased to Rs 837 per sq.ft in 2017, marking a significant decline of 33%. The value saw a substantial increase of 49% to reach Rs 1,250 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,375 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Chellappapuram 4th Street. Overall, from 2007 to 2024, the guideline value has increased by 39%.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value for these streets is Rs 990 per sq.ft, making the current guideline value of Chellappapuram 4th Street above the median.

• Chellappapuram 3rd Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 5th Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 2nd 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 4th 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, bringing the total to 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 our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chellappapuram 4th Street?

The Sub Registrar Office that covers Chellappapuram 4th Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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 when buying or selling property in Ward - H. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory expenses for the buyer. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Chellappapuram 4th Street?

The current guideline value of Chellappapuram 4th 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, with various revisions in between. The most significant change occurred between 2017 and 2023, where it increased by 49%.

What is the land classification of Chellappapuram 4th Street?

Chellappapuram 4th Street is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for a property in Chellappapuram 4th Street?

For a property valued at Rs 1,375 per sq.ft, the stamp duty would be 7% and the registration fee would be 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,23,750.

Which office handles property registrations for Chellappapuram 4th Street?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Chellappapuram 4th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.