Guideline Value for CHELLAPPAR STREET WARD-11

Chellappar Street Ward-11 guideline value

The current guideline value of Chellappar Street Ward-11 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in West_komaralingam village and falls under the Kaniyur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Chellappar Street Ward-11 has changed

The guideline value for Chellappar Street Ward-11 has seen several revisions over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012. However, this value decreased to Rs 107 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was an increase of 87%, while the jump from 2007 to 2012 was a substantial 300%. Overall, from 2007 to 2024, the guideline value has increased by 400%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. Chellappar Street Ward-11's 2024 figure is equal to this median.

• Chennimalai Goundar Street Ward-15: Rs 200 per sq.ft (2024)
• Chithamparanar Street Ward-15: Rs 200 per sq.ft (2024)
• Daivasigamani Street Ward-11: Rs 200 per sq.ft (2024)
• Dasskant Street Ward-15: Rs 200 per sq.ft (2024)
• Bharathiyar Street Ward-13: Rs 200 per sq.ft (2024)
• Gandi Street Ward-14: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chellappar Street Ward-11

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellappar Street Ward-11?

The Sub Registrar Office that covers Chellappar Street Ward-11 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in West_komaralingam

The guideline value plays a crucial role in property transactions in West_komaralingam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value as it directly influences the cost of transferring property ownership.

When a property is sold, the guideline value is assessed to ensure that the transaction reflects fair pricing. This value is essential for legal documentation and ensures compliance with the local regulations governing property sales.

Frequently asked questions

What is the current guideline value for Chellappar Street Ward-11?

The current guideline value for Chellappar Street Ward-11 is Rs 200 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 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 400% over the years.

What are the stamp duty and registration fees for a property in Chellappar Street Ward-11?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 18,000, based on the current guideline value of Rs 2,00,000.

Which Sub Registrar Office covers this area?

The Kaniyur Sub Registrar Office covers Chellappar Street Ward-11, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203.

Are there other streets with the same guideline value in West_komaralingam?

Yes, several other streets in West_komaralingam also have a guideline value of Rs 200 per sq.ft in 2024, including Chennimalai Goundar Street and Daivasigamani Street.