Guideline Value for CHELLAPPAPURAM 5TH STREET

Chellappapuram 5th Street guideline value

The current guideline value of Chellappapuram 5th 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 5th Street has changed

The guideline value of Chellappapuram 5th 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, representing a 33% drop. Following this, the value saw a significant increase to Rs 1,250 per sq.ft in 2023, and then it rose again to Rs 1,375 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 39%. The changes between the revisions highlight the fluctuations in property valuation over the years, with the most notable increase occurring from 2017 to 2023, which saw a 49% rise.

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. Chellappapuram 5th Street's 2024 figure of Rs 1,375 per sq.ft is above this median.

• Chellappapuram 4th Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 3rd 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 5th 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 fees to Rs 1,23,750. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellappapuram 5th Street?

The Sub Registrar Office that covers Chellappapuram 5th Street is 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

When buying or selling property in Ward - H, the guideline value is a crucial factor that determines the stamp duty and registration fees payable during the transaction. The guideline value serves as a benchmark for property valuation, ensuring that the fees are calculated fairly based on the official rates set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Chellappapuram 5th Street?

The current guideline value of Chellappapuram 5th 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 an overall increase of 39% over the years.

What are the stamp duty and registration fees for a property in Chellappapuram 5th Street?

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which Sub Registrar Office covers this area?

The Tiruppur Joint II Sub Registrar Office covers Chellappapuram 5th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for Chellappapuram 5th Street?

Chellappapuram 5th Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.