Guideline Value for CHIKKANNA CHETTIAR STREET

Chikkanna Chettiar Street guideline value

The current guideline value of Chikkanna Chettiar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ward - P village under the Tiruppur Joint II SRO, classified as Commercial Special Type - III.

How the guideline value of Chikkanna Chettiar Street has changed

The guideline value for Chikkanna Chettiar Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Chikkanna Chettiar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward - P

In Ward - P, there are 40 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 3,575 per sq.ft, placing Chikkanna Chettiar Street's 2024 figure above the median.

• Chikkanna Street: Rs 4,400 per sq.ft (2024)
• Dharapuram Cross Road: Rs 4,400 per sq.ft (2024)
• Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Eswaran Govil North Street: Rs 4,400 per sq.ft (2024)
• Eswaran Koil Street East North: Rs 4,400 per sq.ft (2024)
• Eswaran Koli Street North: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Chikkanna Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chikkanna Chettiar Street?

The Sub Registrar Office that covers Chikkanna Chettiar Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Ward - P. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the sale price.

When buying or selling property, understanding the guideline value helps in estimating the costs involved in the transaction. It is advisable to refer to the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chikkanna Chettiar Street?

The current guideline value of Chikkanna Chettiar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and is currently Rs 4,400 per sq.ft in 2024.

What is the land classification for Chikkanna Chettiar Street?

Chikkanna Chettiar Street is classified as Commercial Special Type - III.

Where can I find the Sub Registrar Office for Chikkanna Chettiar Street?

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

How is the 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 with a guideline value of Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.