Guideline Value for CHELLAPPARUMMAL STREET WARD -5

Chellapparummal Street Ward -5 guideline value

The current guideline value of Chellapparummal Street Ward -5 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in East_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 Chellapparummal Street Ward -5 has changed

Over the years, the guideline value of Chellapparummal Street Ward -5 has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 40 per sq.ft. This increased significantly to Rs 160 per sq.ft in 2012, marking a 300% rise. However, it then dropped to Rs 107 per sq.ft in 2017, representing a decrease of 33%. The latest revisions show the guideline value remained at Rs 200 per sq.ft for both 2023 and 2024, indicating no change between these two years.

From 2017 to 2023, the guideline value increased by 87%, bringing it to Rs 200 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 400% in the guideline value.

Guideline values in East_komaralingam

In East_komaralingam village, there are 56 streets under the Kaniyur SRO that carry a guideline value of Rs 200 per sq.ft as of 2024. The median guideline value for these streets is also Rs 200 per sq.ft, placing Chellapparummal Street Ward -5 at the median value.

• Chenna Karuppanan Street Ward-5: Rs 200 per sq.ft (2024)
• East Agragaram Ward-4: Rs 200 per sq.ft (2024)
• Galani Street-1 Ward-9: Rs 200 per sq.ft (2024)
• Galani Street-2 Ward-9: Rs 200 per sq.ft (2024)
• Ganapathy Street Ward-1: Rs 200 per sq.ft (2024)
• Ganthi Street Ward-4: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chellapparummal Street Ward -5

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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 cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellapparummal Street Ward -5?

The Sub Registrar Office that covers Chellapparummal Street Ward -5 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 East_komaralingam

The guideline value is a crucial factor when buying or selling property in East_komaralingam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chellapparummal Street Ward -5?

The current guideline value of Chellapparummal Street Ward -5 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the land classification for Chellapparummal Street Ward -5?

The land classification for Chellapparummal Street Ward -5 is Residential Class III Type - V.

Where can I find the Kaniyur Sub Registrar Office?

The Kaniyur Sub Registrar Office is located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at the rate of 7%.