Guideline Value for Charman Street

Charman Street guideline value

The current guideline value of Charman Street is Rs 420 per sq.ft, effective from 1 July 2024. This street is located in Ward 4 village under the Pollachi Sub Registrar Office (SRO) and falls under Residential Class IV Type - II land classification.

How the guideline value of Charman Street has changed

Over the years, the guideline value of Charman Street has seen several revisions. The earliest recorded figure is from 2002, when the guideline value was Rs 258 per sq.ft. This value increased to Rs 285 per sq.ft in 2003, remaining unchanged until 2007. In 2007, the value again rose to Rs 285 per sq.ft, and then it increased to Rs 420 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 281 per sq.ft. The next revision in 2023 maintained the value at Rs 420 per sq.ft, and the 2024 revision also holds the same rate.

The changes between these revisions show a significant increase of 49% from 2017 to 2023, while the overall change from 2002 to 2024 is an increase of 63%. Notably, there are no figures recorded in the register for the years not listed above.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 675 per sq.ft. Charman Street's 2024 guideline value is below this median.

• Chellammal Nagar: Rs 420 per sq.ft (2024)
• Block Mariamman Kovil Chandu: Rs 826 per sq.ft (2024)
• Chokkanathapuram Street: Rs 420 per sq.ft (2024)
• Dhivansakip Street: Rs 675 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Ganapath Gounder Street: Rs 826 per sq.ft (2024)

Stamp duty and registration fee for property in Charman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, while the registration fee at 2% would be Rs 8,400, bringing the total cost for these fees to Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Charman Street?

The Sub Registrar Office that covers Charman Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a critical factor in property transactions within Ward 4. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements and to understand the costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property being sold or bought. It ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Charman Street?

The current guideline value of Charman Street is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 420 per sq.ft. The value was Rs 281 per sq.ft in 2017 and Rs 420 per sq.ft in 2012.

What is the land classification for Charman Street?

Charman Street is classified as Residential Class IV Type - II under the Pollachi SRO.

What are the stamp duty and registration fees for a property on Charman Street?

For a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 4,20,000. The stamp duty would be Rs 29,400, and the registration fee would be Rs 8,400, totaling Rs 37,800.

Where is the Sub Registrar Office for Charman Street located?

The Sub Registrar Office covering Charman Street is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.