Guideline Value for CHIDAMBARAM PILLAI STREET

Chidambaram Pillai Street guideline value

The current guideline value of Chidambaram Pillai Street is Rs 1,350 per sq.ft, effective from 1 July 2024. This street is located in Ward - D village under the Udumalpettai SRO, classified as Commercial Class I Type - III.

How the guideline value of Chidambaram Pillai Street has changed

Over the years, the guideline value of Chidambaram Pillai Street has undergone several revisions. The earliest recorded figure is from 2012, when the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,350 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 13% rise. Overall, from 2012 to 2024, the guideline value has increased by 13%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ward - D

In Ward - D, there are 54 streets under the Udumalpettai SRO that have a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Chidambaram Pillai Street's 2024 guideline value above this median.

• Dass Lane: Rs 475 per sq.ft (2024)
• Dhali Road: Rs 2,020 per sq.ft (2024)
• Durai Raj Nadar Street: Rs 775 per sq.ft (2024)
• Duraisamy Iyer Lay Out: Rs 775 per sq.ft (2024)
• Gandhi Lane: Rs 500 per sq.ft (2024)
• Gandhi Lane-1,2: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaram Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total fees together to Rs 1,21,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chidambaram Pillai Street?

The Sub Registrar Office that covers Chidambaram Pillai Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.

To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Ward - D

The guideline value is a critical factor in the registration process of properties in Ward - D. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the correct stamp duty and registration fees based on the property's value. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chidambaram Pillai Street?

The current guideline value of Chidambaram Pillai Street is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,350 per sq.ft in 2024.

What is the classification of Chidambaram Pillai Street?

Chidambaram Pillai Street is classified as Commercial Class I Type - III under the Udumalpettai SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,50,000, the stamp duty would be Rs 94,500, and the registration fee would be Rs 27,000, totaling Rs 1,21,500.

Where can I find the Sub Registrar Office for Chidambaram Pillai Street?

The Sub Registrar Office for Chidambaram Pillai Street is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.