Guideline Value

Corporate

Guideline Value for CHETTIAR STREET

₹708/sq.ft.

The guideline value for Chettiar Street in Velampalayam village (Tiruppur Joint Ii SRO, Coimbatore zone) is Rs 708 per sq.ft, effective 1 July 2024. It was Rs 375 per sq.ft from 1 April 2023, a 89% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Velampalayam

Village

Tiruppur Joint II

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹708 /sq.ft.
From 1-4-2023 ₹375 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹251 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹375 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960035
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Chettiar Street

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Chettiar Street guideline value

The current guideline value of Chettiar Street in Velampalayam village is Rs 708 per sq.ft, effective from 1 July 2024. This street falls under the Tiruppur Joint II SRO and is classified as Residential Class III Type - II.

How the guideline value of Chettiar Street has changed

The guideline value of Chettiar Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft. This increased significantly to Rs 375 per sq.ft in the 2012 revision, marking a 150% rise. However, the value decreased to Rs 251 per sq.ft in 2017, a drop of 33%. The 2023 revision brought the value back up to Rs 375 per sq.ft, and the most recent 2024 revision saw a substantial increase to Rs 708 per sq.ft, which is an 89% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 372%. It is important to note that the register has no figures for Chettiar Street in the years 2002 and 2003.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft, with the median being Rs 711 per sq.ft. The guideline value of Chettiar Street is below this median.

Stamp duty and registration fee for property in Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, while the registration fee at 2% would be Rs 14,160, bringing the total fees to Rs 63,720. Please note that the 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 Chettiar Street?

The Sub Registrar Office that covers Chettiar 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 Velampalayam

The guideline value is a crucial factor in property transactions in Velampalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. The guideline value serves as a benchmark for property pricing and helps in maintaining transparency during the registration process.

Frequently asked questions

What is the current guideline value of Chettiar Street?

The current guideline value of Chettiar Street is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, marking an overall increase of 372% over the years.

What are the other streets in Velampalayam with their guideline values?

Other streets in Velampalayam include Chellammal Colony 1st to 5th Streets, all valued at Rs 770 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Chettiar Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 63,720.

Which office handles property registrations for Chettiar Street?

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