Guideline Value for CHIKKANNA STREET

Chikkanna Street guideline value

The current guideline value of Chikkanna 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, and it is classified as Commercial Special Type - III.

How the guideline value of Chikkanna Street has changed

The guideline value for Chikkanna Street has undergone several revisions since 2007. In 2007, the value was Rs 1,745 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 129%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. From 2017 to 2023, there was a substantial increase of 49%, bringing the value to Rs 4,000 per sq.ft, and the latest revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase.

It is important to note that there are no figures available for Chikkanna Street in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 152%.

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, with a median of Rs 3,575 per sq.ft. Chikkanna Street's 2024 guideline value is above this median.

• Chikkanna Chettiar 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 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, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chikkanna Street?

Chikkanna Street is covered by 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 Ward - P

The guideline value is a crucial factor when registering property transactions in Ward - P. It determines the minimum value at which a property 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 establish a fair basis for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid disputes during registration.

Frequently asked questions

What is the current guideline value of Chikkanna Street?

The current guideline value of Chikkanna 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 1,745 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 152% over the years.

What is the land classification of Chikkanna Street?

Chikkanna Street is classified as Commercial Special Type - III under the guideline value register.

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

The Sub Registrar Office covering Chikkanna Street is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 44,00,000, the total stamp duty and registration fees would be Rs 3,96,000.