Guideline Value for Car Street

Car Street guideline value

The current guideline value of Car Street in Nerinjipettai village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Ammapettai_Erode SRO and is classified as Residential Class I Type - I.

How the guideline value of Car Street has changed

The guideline value for Car Street has undergone several revisions over the years. The earliest recorded figure is from 2003, with a value of Rs 64 per sq.ft. This increased to Rs 67 per sq.ft in 2007, followed by a significant rise to Rs 250 per sq.ft in 2012. However, in 2017, the value decreased to Rs 168 per sq.ft. The 2023 revision set the value at Rs 251 per sq.ft, which remained unchanged in the 2024 revision at Rs 250 per sq.ft.

In terms of percentage changes, the value increased by 5% from 2003 to 2007, then surged by 273% from 2007 to 2012. The value saw a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. Overall, from 2003 to 2024, the guideline value has increased by 291%.

Guideline values in Nerinjipettai

Nerinjipettai village has a total of 36 streets under the Ammapettai_Erode SRO, with guideline values ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing Car Street's 2024 figure above this median.

• Chen Street: Rs 250 per sq.ft (2024)
• Chinnapallam: Rs 200 per sq.ft (2024)
• Chitthaiyan Nagar: Rs 150 per sq.ft (2024)
• Chitthaiyan Nagar - Kattu Kottai: Rs 100 per sq.ft (2024)
• Diversion Road: Rs 200 per sq.ft (2024)
• Gori Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Car Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. Please 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 Car Street?

The Sub Registrar Office covering Car Street is the Ammapettai_Erode Sub Registrar Office, located at Veterinaryhospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Nerinjipettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates. This helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Car Street?

The current guideline value of Car Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 64 per sq.ft in 2003 to Rs 250 per sq.ft in 2012, then decreased to Rs 168 per sq.ft in 2017, and finally reached Rs 250 per sq.ft in 2024.

What is the median guideline value in Nerinjipettai?

The median guideline value for the streets in Nerinjipettai is Rs 225 per sq.ft, with Car Street's value of Rs 250 per sq.ft being above this median.

What are the stamp duty and registration fees for property in Car Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, resulting in a stamp duty of Rs 17,500 and a registration fee of Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Car Street located?

The Sub Registrar Office for Car Street is located at Veterinaryhospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.