Guideline Value for CHITHAMPARANAR STREET WARD-15

Chithamparanar Street Ward-15 guideline value

The current guideline value of Chithamparanar Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in West_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 Chithamparanar Street Ward-15 has changed

Over the years, the guideline value for Chithamparanar Street Ward-15 has seen several revisions. The 2007 revision recorded a guideline value of Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 107 per sq.ft. The 2017 revision then saw a substantial increase of 87%, bringing the value up to Rs 200 per sq.ft in 2023, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Chithamparanar Street Ward-15's 2024 guideline value is equal to this median.

• Daivasigamani Street Ward-11: Rs 200 per sq.ft (2024)
• Dasskant Street Ward-15: Rs 200 per sq.ft (2024)
• Chennimalai Goundar Street Ward-15: Rs 200 per sq.ft (2024)
• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)
• Gandi Street Ward-14: Rs 200 per sq.ft (2024)
• Gannadi Street Ward-14: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chithamparanar Street Ward-15

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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 to Rs 18,000. It is essential 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 detailed calculations.

Which Sub Registrar Office covers Chithamparanar Street Ward-15?

The Sub Registrar Office that covers Chithamparanar Street Ward-15 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 West_komaralingam

The guideline value is a crucial factor in the registration process of property transactions in West_komaralingam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chithamparanar Street Ward-15?

The current guideline value of Chithamparanar Street Ward-15 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 from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting a total increase of 400% over the years.

What is the land classification for Chithamparanar Street Ward-15?

The land classification for Chithamparanar Street Ward-15 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 the stamp duty calculated for properties in Chithamparanar Street Ward-15?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total stamp duty and registration fee of Rs 18,000.