Guideline Value for Chairman Street

Chairman Street guideline value

The current guideline value of Chairman Street, located in Dharapuram Ward 3 village, is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Dharapuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Chairman Street has changed

Over the years, the guideline value of Chairman Street has seen significant changes. In 2002, the guideline value was Rs 76 per sq.ft, which increased to Rs 84 per sq.ft in 2003, marking an 11% rise. There is no figure available for the year 2007. The value then saw a substantial increase to Rs 725 per sq.ft in 2012, followed by a decrease to Rs 486 per sq.ft in 2017, which represents a 33% decline. The value rose again to Rs 726 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 800 per sq.ft, a 10% increase from the previous year.

In summary, from 2002 to 2024, the overall increase in the guideline value is 953%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 763% increase from 2003 to 2012.

Guideline values in Dharapuram Ward 3

In Dharapuram Ward 3, there are 31 streets under the Dharapuram SRO that have a 2024 guideline value ranging from Rs 510 to Rs 1,820 per sq.ft. The median value among these streets is Rs 575 per sq.ft, placing Chairman Street's 2024 figure above this median.

• Big Bazar Street Backside: Rs 1,820 per sq.ft (2024)
• Big Bazar Street: Rs 1,820 per sq.ft (2024)
• Atthar Majeeth Street: Rs 510 per sq.ft (2024)
• Attavanai Majeeth Street: Rs 510 per sq.ft (2024)
• Jammal Pudur Street: Rs 575 per sq.ft (2024)
• Javulikadai pinpaguthi: Rs 1,770 per sq.ft (2024)

Stamp duty and registration fee for property in Chairman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chairman Street?

The Sub Registrar Office that covers Chairman Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 3

The guideline value is a crucial factor during the registration of property transactions in Dharapuram Ward 3. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official records. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Chairman Street?

The current guideline value of Chairman Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value of Chairman Street has increased from Rs 76 per sq.ft to Rs 800 per sq.ft in 2024, showing an overall increase of 953%.

What are the other streets in Dharapuram Ward 3?

Other streets in Dharapuram Ward 3 include Big Bazar Street, Atthar Majeeth Street, and Jammal Pudur Street, among others, each with varying guideline values for 2024.

What fees are associated with property registration on Chairman Street?

For a property on Chairman Street, the stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 72,000.

Where is the Sub Registrar Office for Chairman Street located?

The Sub Registrar Office for Chairman Street is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.