Guideline Value for CP.Chitrarasu Street

CP.Chitrarasu Street guideline value

The current guideline value of CP.Chitrarasu Street is Rs 670 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village under the Punchaipuliyampatti SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of CP.Chitrarasu Street has changed

Over the years, the guideline value of CP.Chitrarasu Street has seen significant changes. The earliest recorded figure is from 2007, when the guideline value was Rs 70 per sq.ft. This value increased dramatically to Rs 600 per sq.ft in 2012, marking a rise of 757%. However, it then decreased to Rs 402 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 600 per sq.ft in 2023, and finally, it rose to Rs 670 per sq.ft in 2024, reflecting a change of 12% from the previous year. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 857%. The values in 2017 and 2023 show a substantial increase of 49%, indicating a notable growth in the guideline value during this period.

Guideline values in Punjaipuliampatti

Punjaipuliampatti village has 116 streets under the Punchaipuliyampatti SRO, with a 2024 guideline value range from Rs 335 to Rs 1,680 per sq.ft. The median guideline value in the village is Rs 780 per sq.ft, placing CP.Chitrarasu Street's 2024 figure below this median.

• Devaneyabavanar Street: Rs 780 per sq.ft (2024)
• Devendra Street: Rs 780 per sq.ft (2024)
• church Street: Rs 780 per sq.ft (2024)
• Chinnasamy Street: Rs 780 per sq.ft (2024)
• Cheran Street: Rs 560 per sq.ft (2024)
• Chennimalaiyar Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in CP.Chitrarasu Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,70,000. The stamp duty at 7% amounts to Rs 46,900, and the registration fee at 2% is Rs 13,400, totaling Rs 60,300. 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 CP.Chitrarasu Street?

The Sub Registrar Office that covers CP.Chitrarasu Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Punjaipuliampatti

The guideline value is a crucial factor in the registration of property in Punjaipuliampatti. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is often used as a reference point for property transactions in the area.

When a property is sold, the guideline value helps establish the minimum value for the transaction, ensuring that the registration process adheres to the legal requirements set by the authorities. This ensures transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of CP.Chitrarasu Street?

The current guideline value of CP.Chitrarasu Street is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 70 per sq.ft in 2007 to Rs 670 per sq.ft in 2024, reflecting an overall increase of 857% over the years.

What are the other streets in Punjaipuliampatti?

Other streets in Punjaipuliampatti include Devaneyabavanar Street, Devendra Street, church Street, Chinnasamy Street, Cheran Street, and Chennimalaiyar Street, with various guideline values ranging from Rs 560 to Rs 780 per sq.ft in 2024.

What is the role of the Sub Registrar Office?

The Sub Registrar Office is responsible for the registration of property transactions and ensures that all legal requirements are met. It provides necessary services related to property registration in the area.

How is stamp duty calculated for properties?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 6,70,000 would incur a stamp duty of Rs 46,900 at the rate of 7%.