Guideline Value for Chathiram Street

Chathiram Street guideline value

The current guideline value of Chathiram Street in Kurichi village is Rs 1,055 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Chathiram Street has changed

The guideline value for Chathiram Street has seen several revisions over the years. In 2003, the value was Rs 114 per sq.ft, which increased to Rs 160 per sq.ft in 2007. Following this, the value surged to Rs 800 per sq.ft in 2012, but then decreased to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 1,055 per sq.ft. Notably, the register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 87%. The value then rose by 6% from 2023 to 2024. The most significant change occurred between 2007 and 2012, where the value saw a remarkable increase of 400%. Overall, from 2003 to 2024, the guideline value has increased by 825%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft. Chathiram Street's 2024 guideline value of Rs 1,055 per sq.ft is above this median.

• Chandre Gounder Street (Ward 21): Rs 1,040 per sq.ft (2024)
• Chandre Gounder Street (Ward 20): Rs 1,040 per sq.ft (2024)
• Ceylon Colony (Ward 14): Rs 1,030 per sq.ft (2024)
• Castles Eden Enclave: Rs 1,035 per sq.ft (2024)
• Carmel Nagar (Ward 15): Rs 1,035 per sq.ft (2024)
• Cheran Nagar Vellalore Road (Ward 9): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Chathiram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total fees together to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chathiram Street?

The Sub Registrar Office that covers Chathiram Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kurichi. It serves as a reference point for determining the stamp duty and registration fees payable, ensuring that these costs are calculated based on the official valuation set by the registration department.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as recognized by the local authorities.

Frequently asked questions

What is the current guideline value of Chathiram Street?

The current guideline value of Chathiram Street is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 114 per sq.ft in 2003 to Rs 1,055 per sq.ft in 2024, marking an overall increase of 825% over the years.

What is the land classification of Chathiram Street?

Chathiram Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The stamp duty for a property valued at Rs 10,55,000 is Rs 73,850, and the registration fee is Rs 21,100, totaling Rs 94,950.

Where can I find the Sub Registrar Office for Chathiram Street?

The Sub Registrar Office for Chathiram Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.