Guideline Value for Chathiram Street

Chathiram Street guideline value

The current guideline value of Chathiram Street in Ward 2 village, under the Pollachi SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - II.

How the guideline value of Chathiram Street has changed

Over the years, the guideline value for Chathiram Street has seen several revisions. In 2002, the guideline value was Rs 975 per sq.ft. It increased to Rs 1,107 per sq.ft in 2003, marking a rise of 14%. The value continued to rise to Rs 1,155 per sq.ft in 2007, a modest increase of 4%. The next revision in 2012 saw a significant jump to Rs 2,000 per sq.ft, reflecting a 73% increase. However, in 2017, the value decreased to Rs 1,340 per sq.ft, which was a decline of 33%. The guideline value remained at Rs 2,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2002 to 2024, the overall increase in the guideline value is 105%. Notably, there are no figures available in the register for revisions in years other than those listed.

Guideline values in Ward 2

In Ward 2 under the Pollachi SRO, there are 79 streets with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 420 per sq.ft, placing Chathiram Street's 2024 figure above this median.

• Bazar Street (Kadai Veethi): Rs 2,500 per sq.ft (2024)
• Batza Sahip Street: Rs 541 per sq.ft (2024)
• Balaji Nagar: Rs 420 per sq.ft (2024)
• A.V.V.S.Colony: Rs 302 per sq.ft (2024)
• Arumugam Pillai Street: Rs 541 per sq.ft (2024)
• Arumugam Gounder Colony: Rs 420 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 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total charges to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chathiram Street?

The Sub Registrar Office covering Chathiram Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 2

The guideline value is a crucial factor in the registration process of property transactions in Ward 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value will be considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that the correct amount is paid during the transaction.

Frequently asked questions

What is the current guideline value of Chathiram Street?

The current guideline value of Chathiram Street is Rs 2,000 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 figures being Rs 2,000 per sq.ft in both 2023 and 2024. The value saw a decrease in 2017 to Rs 1,340 per sq.ft from Rs 2,000 in 2012.

What is the land classification for Chathiram Street?

Chathiram Street is classified as Commercial Special Type - II, which affects its guideline value and usage.

What is the median guideline value in Ward 2?

The median guideline value in Ward 2 is Rs 420 per sq.ft, with Chathiram Street's value being above this median at Rs 2,000 per sq.ft.

Where is the Pollachi Sub Registrar Office located?

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